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International Business Times
International Business Times
Business
AFP News

Asia Tracks Another Rally On Wall St As US Rate Optimism Lingers

Asia United States the US Federal Reserve US Federal Reserve Jerome Powell Interest Rates
Last week's US jobs data boosted hopes for a Federal Reserve interest rate cut (Credit: AFP)

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

Friday's big miss on jobs creation for April, a strong earnings season and soothing comments about the policy outlook by central bank chief Jerome Powell have combined to push equities higher in recent weeks.

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