Asian Markets Mixed Amid Sluggish Growth Data from Japan and China

Asian stocks showed mixed results on Monday after sluggish growth data from Japan and China. The euro strengthened on political developments in France, while the yen weakened. US futures and oil prices rose. The S&P 500 saw a late drop last week, although it remains near record highs.

Mixed signals emanated from Asian markets on Monday, following reports of underwhelming growth figures from both Japan and China. These indicators of economic sluggishness for Asia's largest economies came amid a backdrop of modest improvements in certain sectors.

The euro experienced a boost after the far-right National Rally emerged as a frontrunner in France's first-round legislative elections, while the Japanese yen depreciated, trading around 161 yen per dollar. Concurrently, US futures and oil prices reflected positive movement.

Meanwhile, the S&P 500 and Nasdaq remain near record highs despite a late-week drop, driven by a pullback in leading technology stocks. Investors eyeing cooled inflation are hopeful for a potential Federal Reserve rate cut following continued easing in consumer price growth.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)