Asian shares ended mixed on Wednesday as Chinese industrial profits data disappointed and a softer than expected headline inflation figure in Australia raised the prospect of a pause in interest rate rises from the Reserve Bank of Australia.
Investors shifted their focus to Fed Chair Jerome Powell's upcoming remarks after a slew of upbeat U.S. economic data pointed to a resilient economy.
The dollar moved lower in Asian trading and gold lingered near three-month lows, while oil prices edged up slightly after the release of a mixed industry report on U.S. crude stockpiles.
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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.