Asian markets are trading mixed on Thursday, following the negative cues from Wall Street overnight, on news that US President Donald Trump digitally signed an interim peace deal with Iran to end the war with Iran and reopen the Strait of Hormuz. Concerns remain about the outlook for interest rates after the US Fed left interest rates unchanged, but projected rates could be higher by year-end. Asian markets closed mixed on Wednesday.
The Australian market is trading modestly lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness mining stocks partially offset by gains in energy and financial stocks.
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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.