Asian stock markets are mostly higher on Thursday following the record closing highs overnight on Wall Street after Joe Biden was sworn in as the 46th President of the United States. Investors are optimistic that the new Biden administration's potential spending increase will spur growth in the world's largest economy.
The Australian market is rising for a third straight day after U.S. stocks closed at record highs overnight and as data showed that Australia's unemployment rate fell in December.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.