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International Business Times
International Business Times
Business
AFP News

Asian Markets Mostly Rise As US Data Boosts Rate Hopes

United States US Federal Reserve the Federal Reserve Interest Rates
Oil prices edged up as investors keep an eye on developments in the Middle East (Credit: AFP)

Growing hopes that the Federal Reserve and other central banks are close to cutting interest rates helped push Asian stocks higher Friday.

Traders tracked gains in New York as well as records in London and Frankfurt as they cheered fresh US data indicating the labour market was beginning to soften, giving central bankers room to ease monetary policy.

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