Asian stocks advanced on Wednesday as weak U.S. data released overnight boosted expectations of a less hawkish Federal Reserve.
Investors are pricing in a smaller interest rate hike in December after a 75 basis point increase in November. Third-quarter U.S. GDP data, due later this week, is expected to offer more clues on the economic and rate outlook.
Regional stocks gave up some early gains in the wake of unexpectedly weak earnings from technology giants Alphabet and Microsoft.
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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.