Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are now optimistic about the inking of a peace deal between the US and Iran on Friday to end the Middle East war and the opening of the Strait of Hormuz. Meanwhile, traders also cautiously await the interest rate decision by the US Fed later in the day. Asian markets closed mixed on Tuesday.
The US Fed is set to announce its interest rate decision after its first monetary policy meeting under new Fed Chair Kevin Warsh. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement and Warsh's post-meeting comments could impact the outlook for rates.
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.