Asia stocks set to trade mixed as hopes rise for more easing from the Fed

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Stocks in Asia Pacific were set to trade mixed on Friday, following overnight comments from a U.S. Federal Reserve official that led to rising expectations the central bank could ease monetary policy more than expected.

Overnight stateside, the major indexes saw their first gains in three sessions.

New York Federal Reserve President John Williams said Thursday the central bank needed to "act quickly" when the economy was slowing and rates were low.official that led to rising expectations the central bank could ease monetary policy more than expected.in Japan, with the Nikkei futures contract in Chicago at 21,165, as compared to the index's last close at 21,046.24.

Shares in Australia, however, were poised to slip. The SPI futures contract was at 6,594.0, as compared to the

 

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