Asian stocks advanced on Monday as hopes for a U.S.-Iran peace deal sent oil prices sharply lower and eased inflationary concerns.Hopes for a potential deal to end a nearly three-month-long Iran war grew after reports suggested that the U.S. and Iran are working toward a deal to extend their fragile ceasefire by 60 days and reopen the Strait of Hormuz. Despite signs of progress in talks, the two s...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.