Asian stock markets are trading mostly lower on Tuesday, despite the broadly positive cues from Wall Street overnight, amid rising prospects of the Federal Reserve resorting to aggressive policy tightening to combat rising inflation. Traders remain cautious ahead of this week's key inflation report from the U.S. which will offer cues on the interest rate outlook. The Asian markets closed mostly higher on Monday.
Market participants also await a European Central Bank (ECB) policy meeting on Thursday for confirmation whether the central bank will raise rates at the July 21 policy meeting.
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.