Following the mixed cues from global markets overnight, Asian stock markets are also trading mixed on Thursday, as traders were cautious and remained on the sidelines ahead of some key U.S. retail sales, producer price inflation and weekly jobless claims data due later in the day, which may shed additional light on the outlook for interest rates. Asian Markets closed mostly lower on Wednesday.
Despite data showing a slightly higher than expected consumer inflation reading, there are still hopes the US Fed will cut interest rates in June. The monetary policy meeting on March 19 and 20 will also be watched closely for signals of possible rate cut timings.
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