Stocks were mostly up Friday after better-than-expected Japanese growth, although weak Chinese data hit the Hang Seng and oil slipped back ahead of a US-Russia summit on Ukraine.

Wall Street finished little changed on Thursday as wholesale inflation data tempered optimism about the US Federal Reserve cutting interest rates. US Treasuries edged up.

A quarter-point cut is still expected but a larger half-point rate cut is likely "off the table", said Jack Ablin of Cresset Capital Management.

Japan's economy grew 0.3 percent in the three months to June, while output for the previous period was revised upwards, averting a recession for the world's number four economy.

The expansion came despite tariffs imposed by US President Donald Trump on Japanese imports, including on cars -- an indust

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