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Asian stocks rise; positive metals growth in manufacturing sector

Prices of industrial metals continued their upward trend on Tuesday, with the global manufacturing sector expected to rebound, while Asian stocks were slightly cautious ahead of this week's U.S. inflation data and an important meeting of the European Central Bank. The Morgan Stanley Capital International (MSCI) broadest index of Asia-Pacific equities outside Japan rose 0.2%. Japan's Nikkei index rose 0.6%.

Early Bid Tight Market Awaits Action-Packed Week

European markets are gearing up for a quiet start to the week, with the ECB widely expected to leave rates unchanged but may hint at when it will start cutting, while investors will analyze the latest reading of the US inflation report. Markets will also have a chance to assess US PPI data and the minutes of the Fed's March meeting, while UK GDP data will be released at the end of the week. Fed speakers such as John Williams, Mary Daly and Raphael Bostic will also be speaking this week.
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