Following the broadly positive cues from Wall Street overnight, Asian stock markets are trading mixed on Thursday, as reacted to data showing Chinese consumer price inflation grew less than expected in January and producer prices continued to fall. They also largely refrained from making significant moves amid uncertainty about interest rates cuts. Asian Markets closed mostly higher on Wednesday.
While CME Group's FedWatch Tool suggests the chances of March rate cut are just 18.5 percent, the US Fed is still expected to begin lowering rates sometime in the coming months.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com