Asian stocks advanced in thin holiday trading on Friday after the S&P 500 closed higher for a fifth straight day in a shortened session on Wednesday ahead of the Christmas holidays.Regional trading volumes, remained thin, with markets in Australia, New Zealand, Hong Kong and much of Europe shut for holidays.Precious metals climbed, with silver surging past $75 per ounce for the first time and gold...
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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.