Asian stocks followed Wall Street lower on Monday after a measure of U.S. consumer sentiment exceeded expectations in December and producer price data for November indicated that inflation is stickier than most assume, complicating the Fed's task to slow the pace of its rapid interest-rate hikes.
The dollar traded higher as investors looked ahead to interest-rate decisions from the U.S. Federal Reserve, the European Central Bank and the Bank of England.
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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.