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Most Asian markets rise with earnings, US data in view

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Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.

Investors are hoping Amazon and other tech titans including Apple and Alphabet can deliver strong earnings this week. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPCelebrate Youth Month with Briefly News! Nominate a young entrepreneur under 35 with an inspiring story to be our 7th 'Young Money Maker'.

Still, all three main indexes in New York chalked up much-needed gains, while London ended at a record high as the Bank of England is seen cutting interest rates soon thanks to cooling inflation.Hong Kong piled on more than one percent, while Tokyo, Sydney, Seoul, Singapore, Taipei, Manila and Jakarta were also enjoying buying action. Shanghai and Wellington struggled.

"These releases will be crucial in determining whether the Fed maintains its current policy stance, keeping rates higher for longer."

 

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