Asian stocks posted strong gains on Monday as fears of prolonged inflation eased and data showed profits at China's industrial firms shrank at a slower pace in May.
Treasury yields remained subdued and the dollar eased back slightly from a 20-year high reached earlier this month despite U.S. Federal Reserve officials keeping up their hawkish rhetoric.
As risk appetite improves, investors awaited the U.S. quarterly GDP growth rate numbers due this week to assess the outlook for U.S. rate hikes and the potential for a recession. Oil prices were volatile in Asian trading ahead of the G7 summit and the OPEC+ meeting.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.