GLOBAL MARKETS-Asian stocks make cautious gains after patchy Wall St rally ...Middle East

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Asian stocks inched higher on Wednesday, as upbeat Wall Street earnings and optimism about a global recovery supported sentiment, although concerns about the sustainability of a recent risk rally are likely to cap gains. The Australian S&P/ASX 200 Index was last up 0.5% and e-mini futures for the S&P 500 rose 0.14%. Japan's Nikkei 225 slipped 0.31%.

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