Asian Equities Mixed as Markets Digest Central Bank Messages

Asian indices painted a mixed trading picture on Monday after a gathering of central bankers underlined the diverging paths of interest rates in the U.S. and other parts of the world.

Wall Street ended mostly lower on Friday, as investors weighed speeches by European Central Bank President (ECB) Mario Draghi and Fed Chair Janet Yellen.

Both central bankers gave the market what was expected: Yellen reiterated that slack remains in the U.S. labor market even as the American economy continues a five-year recovery and Draghi expressed confidence that stimulus already announced and a weaker euro would help the euro-zone economy, but noted the ECB is ready to do more if needed.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.