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International Business Times

Business

AFP News

Asian Markets Mostly Up, Tracking Wall Street Gains

Asia US Federal Reserve Inflation Michael Barr New York Europe Taiex United States

Traders were keeping a close watch on the releae of US producer price data due at the end of the week (Credit: AFP)

Most Asian markets rose Thursday, tracking a rebound in Europe and New York and following positive remarks from a senior Federal Reserve official that inflation was headed in the right direction.

Figures on Tuesday showing the US consumer price index slowed less than expected in January dealt a body blow to hopes of an early interest rate cut and sent Asia indices mostly lower.

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