Asian stocks tumbled on Wednesday as oil prices remained elevated on Hormuz concerns and global bond yields hit multi-year highs, raising concerns about inflation, interest rates and economic growth.Investors also awaited Nvidia's upcoming earnings and forward guidance for fresh clues on the strength of artificial intelligence-driven demand.The dollar was steady near a six-week high and gold dippe...
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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.