Following the broadly positive cues from Wall Street overnight, Asian stock markets are trading mixed on Friday, as traders react to a raft of economic data from Japan, including GDP data. They also seemed reluctant to make significant moves ahead of the release of the closely watched monthly US jobs report on Friday. Asian markets ended mostly lower on Thursday.
The jobs report could have a significant impact on the outlook for interest rates ahead of the US Fed's monetary policy meeting next week. While the Fed is widely expected to leave interest rates unchanged, traders will be looking to the jobs data to provide further evidence the central bank could cut rates as soon as March 2024.
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