Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimism that US lawmakers will eventually reach an agreement on raising the U.S. debt ceiling. US President Joe Biden reassured his citizens that "America will not default." Asian Markets closed mixed on Wednesday.
The Australian stock market is notably higher on Thursday, recouping the losses in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,200 level, following the broadly positive cues from Wall Street overnight, with gains in mining and energy stocks amid firmer commodity prices. Technology stocks also were strong.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.