Markets retreated Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world’s biggest economy faring much better than expected and fresh tariff warnings from President Donald Trump.

Asian investors looked set to end a largely disappointing week on a negative note following the third loss in a row for Wall Street, with concerns that stocks are overvalued after a lengthy rally adding to the mix.

Traders are also keeping a wary eye on Washington as lawmakers bicker over a funding package to keep the government running as a deadline approaches next week.

Equity markets are seeing a pullback in buying after a months-long advance from April’s lows, with the Federal Reserve last week cutting rates citing a weakening labour market but warning that

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