Global Markets Mixed as Investors Eye US Rates and China Stimulus

Asian stocks fell on Thursday amid uncertainty over U.S. interest rate cuts and anticipation of further stimulus measures from China. Despite positive earnings from Tencent, Chinese markets declined due to underwhelming fiscal measures from Beijing. The U.S. inflation data met expectations but remained sticky, complicating the Federal Reserve's rate outlook. Meanwhile, Australian stocks rose slightly after the RBA indicated steady rates, while broader Asian markets struggled for direction amid concerns over the U.S. economic outlook and potential inflationary policies under Trump.