Asian stocks ended broadly higher on Monday after key U.S. benchmark indexes finished July 2022 with the largest gains since 2020 on the back of better-than-expected earnings and easing concerns over the need for continued aggressive interest rate hikes by the U.S. Federal Reserve.
The dollar index fell and U.S. Treasury yields declined following some slightly less hawkish messaging from the Fed last week. Oil prices declined in Asian trading as weak Chinese factory activity data stoked demand concerns.
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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.