Asian stocks declined on Thursday, with hawkish Fed meeting minutes and lingering U.S.-China tensions keeping investors nervous.
The dollar consolidated gains and Treasury yields rose after the Federal Reserve's June meeting minutes showed policymakers anticipate two more interest rate hikes in 2023 to bring inflation back down.
Gold was a tad higher in Asian trading, while oil prices slipped on concerns about China's lackluster economic recovery.
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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.