Asian stock markets are mostly sharply higher on Tuesday, despite the soft cues overnight from Wall Street, on surging commodities prices and the easing U.S. dollar. Traders remain concerned about the recent acceleration in inflation and look ahead to the release of the minutes of the Federal Reserve's latest monetary policy meeting and comments on the economy on Wednesday. Asian stocks ended mixed on Monday.
Meanwhile, traders also continue to be cautious amid the surge in daily coronavirus cases in the region, mainly in India and Japan, and the related restrictions and lockdowns in several areas, which will impact the pace of global economic recovery from the pandemic.
For comments and feedback contact: editorial@rttnews.com
Business News
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.