Reuters
It's 'green for go' in Asia on Thursday as stock markets around the world roar to fresh highs, boosted by renewed optimism that the Federal Reserve will soon start cutting U.S. interest rates following benign inflation figures on Wednesday. While one data point does not a trend make, investors have latched onto the U.S. inflation report for April as evidence the Fed can start cutting rates soon - July is back in play and 50 basis points of cuts this year is now fully priced. That's the bullish backdrop for investors in Asia who also have several key local events to navigate on Thursday, including: first quarter Japanese GDP, Australian unemployment and a monetary policy decision from the Philippines.