Global Markets Cautious as Traders Await Signals on Interest Rate Cuts
• European shares mostly declined early Friday, though Asian benchmarks rose after U.S. stocks hit record highs • Traders remain cautious despite relatively positive economic data from Asia, expecting higher interest rates • Fed Chair Jerome Powell said the central bank is "not far" from delivering interest rate cuts wanted by Wall Street • Traders now see June as the likely start for rate cuts after shelving hopes of March cuts • U.S. job market report arriving Friday could impact rate cut decisions if it shows economy too strong