Asian stocks ended mixed on Friday as investors awaited a key U.S. jobs report due later in the day that could influence Federal Reserve plans for more interest rate hikes to curb record-high inflation. The dollar held at a two-decade high, and gold dipped below $1,700 per ounce, while oil prices climbed in Asian trade, paring a hefty weekly decline ahead of next week's OPEC+ meeting. China's Shan...
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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.