Asian stocks fell on Thursday as technology and chipmaking stocks retreated from recent gains, while persistent doubts over a U.S.-Iran peace deal kept markets broadly risk-averse.
Lebanon and Israel said on Wednesday that they had agreed to the implementation of a ceasefire following negotiations in Washington aimed at ending the conflict that flared up alongside the war in Iran.
New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods.
U.S. services sector activity picked up in May as businesses preemptively placed orders and replenished inventories in anticipation of shortages and higher prices stemming from the war in the Middle East.
Dallas Federal Reserve President Lorie Logan on Wednesday said signs of robust economic growth and corporate earnings "going gangbusters" are helping to make her worried that the Fed may need to raise interest rates this year to get inflation back down to its 2% target.
U.S. President Donald Trump privately told his aides that he would consider ending the ceasefire with Iran if American troops were killed, the Wall Street Journal reported on Wednesday evening.