Investing.com-- Most Asian stocks drifted higher on Thursday with focus on key U.S. inflation data for more cues on interest rates, while Chinese markets fell even as Beijing flagged plans for more fiscal stimulus measures.But U.S. stock index futures were flat in Asian trade, given that the minutes also showed the Fed did not commit to any pace of interest rate cuts.
The move came after a briefing held on Tuesday, regarding recent monetary stimulus measures, largely disappointed investors. Chinese markets had tumbled from two-year highs on Wednesday. Investors turned doubtful over just how much more support Beijing will dole out, given that the country is also grappling with heightened debt levels.Chinese markets took some support from the People’s Bank doling out 500 billion yuan in liquidity support for capital markets.Nifty 50Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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