Asian stocks follow Wall St higher as U.S. inflation cools

Wall Street's benchmark S&P 500 index rose 1.3% on Thursday after U.S. inflation at the wholesale level slowed more than expected.

Government data Thursday showed prices paid to U.S. producers rose 2.7% over a year earlier, the smallest gain in more than two years.Another report Thursday said slightly more American workers applied for unemployment benefits last week than expected, though the job market has remained resilient. Big U.S. companies are starting to tell investors how much they earned during the first three months of the year.

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Asia stocks follow Wall St down after U.S. recession warningAsian stock markets declined Thursday after the Federal Reserve said its economists expect a 'mild recession' this year.
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