Wall Street

Asian markets mostly rise after Wall St rally, euro dips

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AFP

Hong Kong (AFP) – Asian markets rose Friday following a third straight rally on Wall Street, as below-par US data eased expectations for a sharper pace of interest rate hikes. The euro gave back some of the gains enjoyed after the European Central Bank ramped up borrowing costs more than forecast, with energy concerns and Italian political turmoil fuelling worries of a recession in the currency union. The gains come at the end of a rollercoaster week for Asian investors, who are trying to gauge their outlook with earnings so far relatively positive but economic data mixed and geopolitical even…

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