U.S. Markets Are Closed For Thanksgiving; Asia-pacific Markets Trade Mixed | ET Now

Subdued trading in Asia on Friday following the Thanksgiving holiday in the US kept stocks mixed. After a three-day drop, the dollar edged up. Japanese benchmarks fell while Australian equities rose. As investors looked forward to a slower pace of interest-rate increases from the Fed, Hong Kong futures advanced and US contracts rose. As Fed officials have become less hawkish in recent weeks, Treasury yields have declined. As traders trimmed bets on interest rate increases by the European Central Bank, European sovereign debt rallied earlier. Tokyo's inflation accelerated to its fastest rate in 40 years, pushing Japan's benchmark 10-year bond yield to 0.245%, near the top of the central bank's target band. The yen fell slightly. Watch Market Cafe for early morning stock market updates