Asian stock markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders reacted positively to news that the House of Representatives has passed a $1 trillion infrastructure bill over the weekend and support from higher crude oil prices. However, traders seemed reluctant to make more significant moves amid some uncertainty about the near-term outlook for the markets following the recent upward trend. Asian stocks ended mostly lower on Monday.
The Australian stock market is marginally higher in choppy trading on Tuesday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying below the 7,500 level, following the positive cues from Wall Street overnight, as gains in materials were partially offset by declines in most other sectors. The domestic coronavirus situation also continues to dent investor sentiment.
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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.