Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, as traders are cautiously optimistic ahead of the monetary policy meetings of the US Fed, the European Central Bank and the Bank of Japan later in the week. A surge in initial jobless claims in the U.S. has bolstered hopes that the Fed will pause its rate hikes. Asian markets closed mostly higher on Friday.
Key US inflation reports are also likely to be in the spotlight next week, as the data could have a significant impact on the outlook for interest rates.
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