Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders react to a New York Federal Reserve report showing a modest decrease in consumer inflation expectations, sparking optimism the Us Fed is done raising interest rates. Asian markets closed mixed on Monday.
Traders also cautiously await the US Labor Department's crucial report on consumer price inflation in the month of October later in the day that could influence the interest rate outlook globally.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.