Asian stocks advanced for a sixth day running on Thursday, with sentiment helped by dovish Fed commentary and a move by China's sovereign wealth fund to buy shares of the country's largest banks.
The dollar held near a two-week low amid falling Treasury yields and on the back of less hawkish comments by some U.S. policymakers, including Boston Fed President Susan Collins and her Atlanta counterpart Raphael Bostic.
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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.