Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight. Investors await key U.S. inflation data due on Thursday for more indications about the Fed's policy outlook and cues about the global economic recovery. The coronavirus infection rate in the region is also keeping the underlying mood cautious. Asian stocks ended mixed on Monday.
The U.S. Treasury Secretary Janet Yellen said a "slightly higher" interest rate environment would be an advantage to the economy.
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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.