Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious ahead of the US Fed's interest rate decision later in the day, where it is widely expected to raise interest rates by another 25 basis points. They are hopeful the rate hike will be the last following recent encouraging inflation data. Asian markets closed mixed on Tuesday.
The European Central Bank and the Bank of Japan are scheduled to make their monetary policy announcements on Thursday and Friday, respectively.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.