Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, after US President Donald Trump announced that the US and Iran have reached a preliminary peace agreement to end the Middle East war, a move that could lead to the reopening of the Strait of Hormuz. Asian markets closed mostly higher on Monday.
Traders also remain cautious ahead of the release of monetary policy decisions, including interest rates, from Australia and Japan later in the day, and from the US Fed on Wednesday.
For comments and feedback contact: editorial@rttnews.com
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.