Asian stock markets are mostly higher on Tuesday, as traders are optimistic on a faster global economic recovery after last week's reiterations from the U.S. on a positive outlook for the economy and are cautiously positive ahead of U.S. earnings season and release of key inflation data. However, the cues overnight from Wall Street were weak. Asian stocks ended lower on Monday.
Traders also continue to be cautious amid the surge in coronavirus cases in the region and the possible restrictions on economic activity in several markets.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.