Asian stock markets are mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and look ahead to the US Fed's interest rate decision later in the day. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement could have a significant impact on the outlook for interest rates. They also react to a slew of economic data from the US, China, Australia and Japan. Asian markets closed mixed on Tuesday.
Extending the gains in the previous seven sessions, Australian shares are trading notably higher on Wednesday after opening in the red, with the benchmark S&P/ASX 200 above the 7,600 level, following the mixed cues from Wall Street overnight, with gains in energy stocks partially offset by losses in mining and technology stocks. The markets pared early losses the release of surprisingly soft domestic inflation data.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.