Asian stocks inched higher in cautious trading on Wednesday as investors awaited the release of a highly anticipated U.S. inflation report later in the day.
Economists forecast headline inflation accelerated to 8.8 percent year-on-year in June, marking a 40-year high.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.