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Eurozone Inflation Eases As Estimated
Eurozone inflation slowed to a 15-month low in May due to the fall in energy prices, final data from Eurostat confirmed on Friday. The harmonized index of consumer prices increased 6.1 percent year-on-year in May, weaker than the 7.0 percent rise in April. This was the lowest rate since February 2022, when inflation was 5.9 percent.
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Sensex, Nifty Climb On Firm Global Cues
Indian shares rose notably on Friday and the rupee rose above the crucial 82 per dollar mark, as the dollar weakened in international markets following hawkish comments from ECB President Christine Lagarde in the previous session.
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Foxconn Plans To Make Electric Vehicles
Foxconn, Apple's key iPhone assembler with major operations in China, is planning to venture into making of electric vehicles, BBC reported following an interview with chairman and boss Young Liu. The Taiwanese firm, which is moving some supply chains out of China amid increased tensions between US and China, considers electric vehicles as the next growth targets.
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European Shares Climb After Inflation Data
European stocks were moving higher on Friday after final data from Eurostat showed the region's consumer inflation sharply decelerated in May.
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FTSE 100 Edges Higher In Cautious Trade
U.K. stocks were trading higher on Friday ahead of Eurozone inflation data due out later in the day and the Bank of England rate decision due next week.
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CAC 40 Gains On China Stimulus Hopes
French stocks opened higher on Friday amid hopes that China will unveil more economic stimulus measures to kickstart its ailing economy.
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DAX Gains Ahead Of Eurozone Inflation Data
German stocks traded higher on Friday following a hawkish pause from the U.S. Federal Reserve and a 25-basis-point rate hike by the European Central Bank this week.
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Asian Shares Rise As Bank Of Japan Keeps Ultra-low Rates
Asian stocks rose broadly on Friday as the Bank of Japan maintained ultra-low interest rates and reports suggested that Beijing officials are stepping up plans to jump-start China's recovery.
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European Economic News Preview: Eurozone Final Inflation Data Due
Final inflation data from Eurozone is the only major economic report due on Friday. At 3.00 am ET, the Czech Statistical Office releases producer prices for May. Prices are forecast to grow 3.8 percent annually, slower than the 6.4 percent increase in April.
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Yen Falls As BoJ Keeps Policy Settings Unchanged
The Japanese yen weakened against other major currencies in the Asian session on Friday, as the Bank of Japan continued to maintain its ultra-loose monetary policy at the end of the June monetary policy meeting held today.
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BoJ Retains Ultra-Loose Monetary Policy
Despite rising inflationary pressures, the Bank of Japan continued to maintain its ultra-loose monetary policy in contrast to the stance of its hawkish peers. At the second rate-setting meeting chaired by new Governor Kazuo Ueda on Friday, policymakers unanimously voted to maintain a negative interest rate of 0.1 percent.
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European Shares Seen Up After Wall Street Rally
European shares are seen opening broadly higher on Friday after Wall Street stocks swept higher overnight to extend their longest rally in a year and a half.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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