J.P.Morgan joined Wall-Street peer Goldman Sachs to forecast a boost to the euro area’s economic growth for 2025 on the back of Germany’s fiscal loosening reforms.

Japan may see corporate bankruptcy cases hit an 11-year high in the fiscal year to March as some firms go under due to a lack of workers, a think tank survey showed, a sign of the strain intensifying job shortages are inflicting on the economy.

Asian stocks traded mixed on Monday as investors remained cautious ahead of impending tariffs from U.S. President Donald Trump, while Chinese markets declined after data showed ongoing deflationary pressures in the country.

Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.

Most Asian currencies weakened on Monday with the Chinese yuan lagging its peers following persistent signs of deflation in the country, while the dollar steadied amid persistent uncertainty over U.S. trade tariffs and slowing growth. 

The European Central Bank cut interest rates again on Thursday but warned of "phenomenal uncertainty" including the risk that trade wars and more defence spending could fuel inflation, raising the prospect of a pause in its policy easing next month.