Asian stock markets are mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the US Fed could resort to cutting interest rates as soon as March 2024. Traders seem reluctant to make significant moves ahead of the Fed's monetary policy announcement on Wednesday. Asian markets closed mixed on Monday.
Although stocks continued to benefit from the optimism about the outlook for interest rates, traders are likely to focus more closely on the central bank's accompanying statement and projections.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.