Asian stocks were mostly higher on Wednesday, though the upside remained capped ahead of the release of minutes of the U.S. Federal Reserve's latest policy meeting later in the day. The dollar index took a breather and gold traded flat, while oil edged up slightly to recover from six-month lows after industry data showed a larger-than-expected drop in U.S. oil and gasoline stocks.Japan's Nikkei in...
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.