Following the mixed cues from global markets overnight, Asian stock markets are also trading mixed on Thursday, as traders reacted to a raft of domestic economic data amid the lack of major cues from the global markets. They also await key U.S. inflation data later in the day for further cues on the outlook for interest rates. Asian markets ended mostly lower on Wednesday.
Traders seem to be focusing more on the comments that reinforce expectations the US Fed will leave policy unchanged until cutting rates beginning in mid-2024.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.