Asian stock markets a sea of green on Wednesday, following the broadly positive cues from Wall Street overnight, amid renewed optimism about an interest rate cut by the US Fed in December following the release of softer-than-expected US economic data and the recent dovish comments from US Fed officials. Asian markets closed mostly higher on Tuesday.
Reports showed a substantial deterioration by U.S. consumer confidence in November and a lesser than expected US retail sales growth in September.
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Market Analysis
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.