Asian Markets Fall As Strong US Jobs Data Dents Rate Cut Hopes

The euro fell after far-right parties won big in European Union polls and France's President Emmanuel Macron called a snap parliamentary election (Credit: AFP)

Asian markets mostly fell Monday as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty in Europe weighed on the euro.

With the Federal Reserve meeting this week, investors are keenly awaiting its updated "dot plot" outlook for borrowing costs, with commentators split on how many, if any, reductions are in the pipeline.