Asian stocks ended broadly lower on Wednesday as recession worries took center stage and investors awaited an update from the FOMC meeting minutes due later in the day. The dollar's surge pulled down gold prices to a seven-month low while oil prices rose about 2 percent after falling below $100 a barrel for the first time since early May on Tuesday. Chinese shares tumbled as another wave of COVID ...
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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.