Asian stocks rose broadly on Wednesday and the dollar eased after reports emerged that the wave of Covid infections sweeping across China may already have peaked in some of the country's largest cities.
Traders keenly awaited minutes from the Federal Reserve's December meeting later in the day and Friday's employment report for clues to the central bank's future actions.
Fed funds futures traders are pricing for rate cuts later this year despite hawkish rhetoric from Fed officials.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.