Asian and European markets were mixed Thursday after the latest batch of US data reinforced expectations that the Federal Reserve will cut interest rates for a third successive time next week.

Wall Street rose for a second straight day after a minor selloff on Monday, though regional traders moved a little more tentatively as worries over extended valuations in the tech sector continued to linger.

Bets on a US reduction on Wednesday have surged to around 90 percent in the past two weeks, after several Fed officials backed such a move saying supporting jobs was more important than keeping a lid on elevated inflation.

The need for more action was further stoked by data from payrolls firm ADP showing 32,000 posts were lost in November, compared with an expected rise of 10,000, according to

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