Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing of global yields and on optimism that data showing weakness in the US labor market will encourage the US Fed to lower interest rates in the coming months. Asian markets closed mixed on Tuesday.
Traders appeared a bit reluctant to make significant moves, with the Bank of Canada and the European Central Bank scheduled to make their monetary policy announcements on Wednesday and Thursday, respectively, and the crucial U.S.jobs data due on Friday.
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