Asian stocks were rising on Thursday after Wall Street's three main stock indexes logged strong gains overnight on the back of upbeat consumer confidence data and solid earnings from corporate giants Nike and FedEx.
The Japanese yen firmed towards its recent four-month peak against the dollar while Treasuries were little changed, and gold held steady ahead of the latest weekly U.S. jobless claim numbers and the U.S. GDP data for the third quarter due out later in the day.
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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.