Asian stocks declined on Friday after U.S. Treasury yields hit one-year highs, prompting traders to increase their bets on a Federal Reserve rate hike this year.Rising oil prices dented sentiment as attacks on one ship and the seizure of another around the Strait of Hormuz stoked concerns about energy supplies.The Trump-Xi summit has so far produced warm words but yielded little progress on the wa...
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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.