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International Business Times
International Business Times
World

Markets Mostly Up As US Producer Price Data Stokes Rate Cut Bets

United States Asia US Federal Reserve
Data showig a fall in producer prices last month came ahead of key consumer figures due Thursday and boosted rate cut hopes (Credit: AFP)

Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts.

Markets have enjoyed a healthy run in recent months -- with some hitting record highs -- on growth optimism that the Federal Reserve will resume its monetary easing process as figures indicate the world's top economy is slowing.

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