Asian stocks advanced on Wednesday as U.S. Treasury yields retreated and progress in U.S. stimulus talks underpinned optimism about the global economy.Chinese stocks posted strong gains after the latest survey from Caixin showed the services sector in the country continued to expand in February, albeit at a slower pace, with a services PMI score of 51.5. That's down from 52.0 in January.The benchm...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.