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International Business Times
International Business Times
Business
AFP News

Asian Markets Mixed As Traders Weigh Rates Outlook

Oil prices are in retreat, having hit a five-month high last week on geopolitical tensions and strong economic data (Credit: AFP)

Asian markets fluctuated Monday as traders weighed the chances of the Federal Reserve cutting interest rates this year after a forecast-busting US jobs report dented hopes for a first move in June.

Wall Street's three main indexes rallied Friday on news that 303,000 jobs were created in the United States in March, with investors focusing on the positives for the economy instead of the monetary policy implications.

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