Asian stock markets are mostly higher on Tuesday, following the broadly positive cues overnight from Wall Street, as the US Federal Reserve officials quell concerns about inflation and fears of monetary tightening by central banks. The coronavirus infection rate in the region is keeping the underlying mood cautious. Asian stocks ended mixed on Monday.
The Australian stock market is modestly higher on Tuesday, extending the gains of the previous three sessions, with the benchmark S&P/ASX 200 just below the 7,100 level near 14-month highs, following the broadly positive cues overnight from Wall Street. The market is powered by gains for energy, materials, financial and technology stocks.
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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.