SEOUL, South Korea (AP) - Asian stock markets mostly rose today as investors awaited the European Central Bank's interest rate decision later this week after disappointing U.S. growth data.
The U.S. government said Friday that the economy expanded 2.5 percent in the first quarter over a year earlier, falling short of expectations of 3 percent growth and compounding worries about the global economy. The report came after Japan said its consumer prices fell 0.9 percent in March, underlining challenges to the government's efforts to pull the economy out of a long spell of debilitating deflation.
The downbeat reports were tempered by expectations the European Central Bank will either lower interest rates or expand financial support for the 17-country euro area at its meeting Thursday.
Benchmark crude oil fell below $93. The dollar fell against the euro and the yen.