Asian markets mixed as traders weigh rates outlook

HONG KONG: Asian markets fluctuated on Wednesday (May 8) as the latest rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.

While Europe enjoyed a firm session, Wall Street was a little more tepid after surging in reaction to Friday's below-forecast US jobs data, which ramped up bets on a Federal Reserve interest rate cut.