Influenced by the broadly negative cues from global markets overnight, Asian stock markets are trading mostly lower on Wednesday, with traders remaining cautious after the US Fed recently forecast another rate hike before the end of the year and keeping rates at elevated levels for longer than previously anticipated. The US dollar also continued its strength against major currencies in the region. Asian markets closed mostly lower on Tuesday.
JPMorgan Chase CEO Jamie Dimon warned in an interview with The Times of India that rates could go as high as 7 percent.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.