Asian stock markets are mostly higher on Wednesday, following the broadly positive cues from global markets overnight, as weaker than expected US economic data raised hopes the Fed will be less aggressive in its monetary policy stance at its upcoming meetings. The up move was also fueled by a weak US dollar and falling treasury yields. Asian Markets closed mostly higher on Tuesday.
Traders also continued to pick up battered stocks at a bargain following a brutal September.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.