Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, on continued optimism the US Fed will leave interest rates unchanged amid data showing US consumer price growth accelerated in line with economist estimates in July. Traders also seemed reluctant to make significant moves ahead of the release of the closely watched monthly US jobs report later in the day. Asian markets ended mixed on Thursday.
"July PCE inflation was modest for a second straight month, establishing a solid runway for the Fed to leave rates unchanged next month," said Chris Low and Will Compernolle, FHN Financial Chief Economist and Macro Strategist.
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