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International Business Times
International Business Times
Business

Asian Stocks Surge Into Weekend With US Rate Cut 'Seemingly Locked In'

Investors are in a bullish mood thanks to a string of data showing the US labour market slowing and inflation remaining stable, giving the Federal Reserve room to cut interest rates (Credit: AFP)

Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

The bullishness that has characterised trade for the past few weeks has ramped up since a series of reports indicating the labour market in the world's biggest economy was slowing sharply.

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