Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, reflecting lingering concerns about a recession after recent hotter than expected U.S. inflation data raised expectations of further aggressive interest rate hikes by central banks around the world to control rising consumer prices. Asian markets closed mostly higher on Friday.
The latest data on U.S. inflation has raised expectations that the central bank will announce another 75-basis point hike in interest rates at its November meeting.
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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.