Asian stocks faced a mixed start to Thursday trading with investors assessing the strength of company earnings before American labor-market data provides the latest clues on the health of global growth, Reuters reported. Friday’s report on the U.S. employment market may provide the next inflection point, as investors look for clues on the strength of the world’s largest economy and the Federal Reserve’s next policy move. Bank of England Governor Mark Carney may signal a more hawkish tone at its quarterly Inflation Report on Thursday. Tepid U.S. inflation and political turmoil in Washington have lessened the possibility of another Federal Reserve rate hike this year.
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