Asian stock markets are trading mostly higher on Wednesday, following the mixed cues overnight from Wall Street, and as U.S. futures climbed after the Federal Reserve released its Beige Book, which said U.S. economic activity has expanded at a moderate pace since mid-February, boding well for the global economy. Asian Markets closed mixed on Tuesday.
The Beige Book also said U.S. consumer spending has accelerated among retail and non-financial service firms, as Covid-19 cases tapered across the country.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.