Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and are reluctant to make big moves ahead of crucial reports on key inflation readings from China and the U.S. later in the week, which could affect the outlook for interest rates. Asian markets closed mostly lower on Monday.
Most economists expect another pause in interest rate hikes by the Fed next month, although the data has led to some uncertainty about the outlook for rates beyond that.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.