Asian stocks rose broadly on Wednesday as Fed rate cut hopes prevailed and U.S. President Donald Trump said the United States was close to a trade deal with China.
The U.S. dollar struggled for direction after a measure of U.S. services sector activity slowed in July due to factors such as tariffs and global trade tensions.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.