Asian stocks declined on Monday as data on U.S. producer prices sent mixed signals on inflation and China faced a surge in Covid 19 cases after partially easing aspects of its so-called zero-Covid policy.Investors looked ahead to the release of U.S. consumer inflation data as well as a slew of central bank decisions this week for additional clues on the economic and interest rate outlook.Chinese a...
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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.