Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling.
The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync.
Most Asian stock markets inched higher Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength.
Consensus among policymakers at the Bank of England has been shattered, with two of nine members of the monetary policy committee voting to increase interest rates from a record low of 0.5 percent.
Asian stocks got a slight boost from Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar, while European markets drifted lower.
Global stock markets rose Tuesday on improved U.S. housing sentiment and news of diplomatic efforts to broker a cease-fire in Ukraine.
Asian stocks drifted Monday as caution lingered after markets tumbled at the end of last week on reports Ukraine destroyed a Russian military convoy that had entered its east.