Asian stock markets are trading mostly higher on Tuesday, following the broadly negative cues from global markets overnight, as traders seemed reluctant to make significant moves ahead of the release of some key economic data in the coming days. Most currencies in the region also strengthened against the US dollar. Asian markets closed mostly lower on Monday.
Traders also were looking for additional clues about the outlook for interest rates, with optimism the US Fed is done raising rates and might consider reducing them by the second half of 2024. The U.S., European and Chinese PMIs, eurozone inflation data and U.S. personal consumption numbers will be released this week
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