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European Economics Preview: Eurozone Final HICP Data Due
(RTTNews) - Final harmonized inflation data from Euro area is due on Friday, headlining a light day for the European economic news.
At 3.00 am ET, cosumer and harmonized prices figures are due from Austria. Consumer price inflation is expected to rise to 8.0 percent in May from 7.2 percent in April.
In the meantime, construction output figures are due from Italy.
At 5.00 am ET, Eurostat publishes eurozone final HICP data for May. According to flash estimate, inflation rose to a record 8.1 percent from 7.4 percent in April. The statistical office is expected to confirm the preliminary estimate.
In the meantime, foreign trade data is due from Italy.
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Renewed Support Anticipated For Singapore Stock Market
The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.
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China Trade Data Due On Friday
China will on Friday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
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Swiss Franc Falls Against U.S. Dollar, Pound
The Swiss franc dropped against the U.S. dollar and the pound in the New York session on Thursday.
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