Asia stocks firm, US yields sag on Fed cut bets

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Asia stocks firm, US yields sag on Fed cut bets

****** stocks were firm on Thursday while the dollar remained on the back foot amid lower US Treasury yields after benign consumer inflation data overnight reinforced bets for the Federal Reserve to start cutting interest rates next month.

Regional equities took their lead from gains on Wall Street, with Japan’s Nikkei rising 0.5 per cent and Australia’s stock benchmark up 0.1 per cent.

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#Asia #stocks #firm #yields #sag #Fed #cut #bets

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