On Monday, Asian stock markets recorded modest gains driven by growing belief that the U.S. Federal Reserve will refrain from further interest rate hikes.
Japan’s Nikkei index also registered a 0.2% uptick, following a substantial 3.4% gain the previous week.
This week, investors are closely monitoring the initial public offering of tech giant Arm Holdings, targeting a valuation between $50 billion and $54 billion.
Gold prices ascended as the likelihood of a U.S. rate hike diminished. Meanwhile, oil prices held firm at elevated levels on the expectation of Saudi Arabia extending its oil production cut.
Despite the slow start, the week holds significant developments in various sectors, with eyes on key events in the global financial landscape.