Asian stock markets is trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as worries about inflation, higher interest rates and economic slowdown weighed on the market after the US Fed forecast another rate hike before the end of the year and indicated they may leave rates higher for longer than previously anticipated through 2024. Asian markets closed mixed on Friday.
The world's major central banks also provided more hawkish rhetoric and are also expected to keep interest rates higher for longer to cool price growth.
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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.