Global Market Movements: Asian Tech Soars, European Bonds Struggle

With Wall Street on holiday, global markets had varied movements on Monday, marked by a surge in Chinese tech stocks led by Alibaba and turmoil in European long-dated bonds. Global investors are closely watching U.S. labor data due later this week as it will influence future Federal Reserve policies.

Global markets showcased diverse movements as Wall Street took a break for the holiday, allowing international financial landscapes to shift independently.

China's tech sector, particularly Alibaba, saw significant gains, while European long-dated bonds faced downward pressure. Investors are eyeing the upcoming U.S. labor data, which is anticipated to be pivotal for Federal Reserve policy decisions.

Meanwhile, U.S. tariff complications and potential political instability in France add layers of uncertainty to global economic dynamics.

(With inputs from agencies.)