Asian stocks skittish ahead of more US rate cues; Nikkei slides

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Asian stocks skittish ahead of more US rate cues; Nikkei slides

Investing.com-- Most Asian stocks moved in a flat-to-low range on Thursday, as sentiment remained strained ahead of key U.S. inflation data and addresses by Federal Reserve officials, while Japan’s Nikkei index fell sharply from recent gains.

Sentiment towards Australian markets was boosted by increasing signs of easing inflation in the country, which in turn presents a less hawkish outlook for the Reserve Bank of Australia.grew a touch less than expected in February, although most of the growth was driven by one-off spending on Taylor Swift concerts.

 

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