Asian stocks turned in a mixed performance on Wednesday as strong momentum in technology stocks helped investors look past concerns over rising U.S. inflation and the Middle East tensions.
The dollar was firm against major currencies, while gold was subdued a tad above $4,700 an ounce as investors reassessed the path for interest rates. Brent crude futures traded nearly 1 percent lower below $107 a barrel, snapping a three-day rally.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.