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Messi a doubt for Argentina ahead of Copa quarter-final
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British tennis ace Raducanu votes for 'lie-in' on election day
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France film director Jacquot charged with raping two actors
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Israel 'evaluating' new Hamas 'ideas' on halting Gaza war
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Venezuela, US agree to 'improve relations,' says Caracas
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Under-fire Kenya govt says to review state salary hikes
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Thousands told to flee raging California wildfire
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Osaka focuses on Olympics after Wimbledon KO
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Tens of thousands flee south Gaza as tensions soar
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US Fed officials stressed 'patience' on rate cuts: minutes
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Blond not bombs as Fognini learns to love Wimbledon
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New lithium plant inaugurated in Argentina
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Threads hits 175 mn users on first anniversary
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French court says Netflix shark hit can keep streaming in copycat row
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Comeback king 'Cav' to carry on doing the thing he loves
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Alcaraz marches on at Wimbledon as Osaka returns to Centre Court
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Biden under pressure as Democratic panic rises
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Belarus frees 'some political prisoners': exiled opposition leader
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Alcaraz coasts into Wimbledon third round
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Cavendish makes Tour de France history with 35th stage win
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Everton sign forward Ndiaye from Marseille
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Bailed Indian opposition leader to return as chief minister
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World's oldest artwork discovered in Indonesian cave
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Toney urges England to kick on after Euros reprieve
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Murray teams up with Raducanu in Wimbledon mixed doubles
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Former England rugby coach Jack Rowell dies aged 87
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Hurricane Beryl bears down on Jamaica
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US trade deficit expands less than expected in May: govt
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'The god took away my son': Indians grieve after deadly stampede
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Moscow hit by heat not seen in over a century
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US private hiring eases unexpectedly in June: ADP
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Confident Kroos says Germany-Spain clash 'won't be my last game'
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Paris bars to open 24h for Olympics opening ceremony
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Putin, Xi vie for influence at Central Asian summit
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Germany, Sweden arrest eight over Syria crimes against humanity
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French giant Mpetshi Perricard joins Wimbledon heavy artillery
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Two-time Major winner Langer to make 'emotional' European Tour bow
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French PM urges united front to stop far-right takeover
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Olympic silver medallist gymnast Poujade dies at 51
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Bhole Baba: preacher at centre of Indian stampede disaster
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Microsoft to invest 2.2 bn euros in Spain data centres
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Showdowns, young guns and own goals as Euro 2024 head into quarter-finals
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Russia advances in east, kills five in Dnipro strikes
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France prosecutors request rape charges against film director
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Schumacher blackmail suspects had 'family photos'
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EU clears Lufthansa's proposed ITA Airways stake, with conditions
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Indian World Cup winners head home after hurricane delay
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120,000 'stolen' babies: Georgia's trafficking scandal
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Only far right can win absolute majority, French PM warns
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Turkey ride 'best save' and wave of emotion into Euros quarters
Asian markets swing as traders assess rates outlook
Asian markets drifted Thursday as investors try to gauge the outlook for US interest rates, while also keeping tabs on developments in France as it heads for crucial elections.
With Wall Street closed, there were few catalysts to drive buying, though sentiment has been buoyed this week by recent data indicating the world's top economy is slowing gradually, giving the Federal Reserve some freedom to ease monetary policy.
Traders are closely following the utterances of US central bank officials on their outlook for rates, with most warning that while inflation was on a downward trajectory, they wanted to see more evidence before committing to a cut.
Analysts say this means there will be two reductions at most, with many predicting just one this year -- in line with the Fed's "dot plot" gauge released last week.
While there is a level of uncertainty over rates, equity markets have enjoyed plenty of support, with dealers optimistic that they will come down eventually as prices are brought under control, the economy eases and the jobs market loosens.
However, there is some concern that the rally, which has been largely driven by a voracious appetite for tech and all things related to artificial intelligence, could see a correction at some point.
Chris Weston at Pepperstone Group in Melbourne said there is some talk about what could cause this, warning that "all is not so rosy under the hood, where index market breadth has been poor, with participation underwhelming, suggesting the rally has been built on a shaky foundation".
"It has simply been a tough trade to bet against AI in its various guises -- so until we lose these behemoths then pullbacks at an index level will likely be shallow and well-supported."
Asian markets were mixed in early trade on Thursday, with Hong Kong, Shanghai, Seoul, Wellington, Taipei and Jakarta edging up but Tokyo, Sydney, Manila and Singapore in the red.
Traders are eyeing developments in France as it heads for polls at the end of the month, with President Emmanuel Macron's centrist alliance in third place behind far-right and left parties.
There are fears for the French economy -- the European Union's second biggest -- as both leading parties have pledged to spend huge sums at a time when the country needs to make cuts, potentially putting Paris on course for a standoff with the bloc.
On Wednesday, the European Union's executive arm reprimanded France for breaching Brussels' budget rules -- the first time it has been put in the sin bin since Macron rose to power in 2017.
Investors are also awaiting a Bank of England policy decision later in the day, when it is expected to stand pat on rates at a 16-year high owing to ongoing price risks, analysts said.
That is despite data Wednesday showing headline consumer inflation had finally come down to the bank's two percent target.
Julian Jessop, at the Institute of Economic Affairs think tank, added that officials would likely sit tight because services inflation remained well above two percent, while energy bills are set to rise towards the end of the year.
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: DOWN 0.6 percent at 38,324.10 (break)
Hong Kong - Hang Seng Index: UP 0.2 percent at 18,461.77
Shanghai - Composite: UP 0.1 percent at 3,020.81
Euro/dollar: DOWN at $1.0742 from $1.0745 on Wednesday
Euro/pound: UP at 84.50 pence from 84.44 pence
Dollar/yen: UP at 158.10 yen from 157.90 yen
Pound/dollar: DOWN at $1.2715 from $1.2726
West Texas Intermediate: DOWN 0.2 percent at $81.41 per barrel
Brent North Sea Crude: UP 0.1 percent at $85.13 per barrel
New York - Dow: Closed for a public holiday
London - FTSE 100: UP 0.2 percent at 8,205.11 (close)
Ferreira--PC