Asian stocks closed mostly higher on Tuesday despite uncertainty over the future trajectory of the Federal Reserve's interest rate hikes and growing risks of a U.S. recession.
Gold gained as the dollar paused after a three-day rally. Oil prices moved higher in Asian trading on expectations that Beijing may take steps to stimulate the economy.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.