Japan -1.45%. Japan factory activity shrank in June amid fall in output and new orders
Japan inflation rate unexpectedly fell to 3.2% in May.
China market closed.
Hong Kong -1.82%.
Australia -1.37%. Australia preliminary PMI: Manufacturing 48.6 (prior 48.4) & Services 50.7 (prior 52.1).
India -0.20%.
Malaysia’s inflation rate eased to 2.8% in May, its third straight month of decline. Singapore’s core inflation rose 4.7% in May amid lower food and services costs, slowing from the 5% growth seen in April.
In the U.S. on Thursday, all three major indexes ended largely higher, as investors digested a host of policy tightening decisions from the U.K. to Turkey. The Dow industrial average slipped 4.75 points or 0.01% to 33,946.76; S&P 500 index rose 16.18 points or 0.37% to 4,381.86; Nasdaq Composite index closed up 128.4 points or 0.95% at 13,630.60.
Federal Reserve Chair Jerome Powell continued his two-day testimony on Thursday, reiterating his message that further rate hikes are likely. Meanwhile, central banks in the U.K. and Norway delivered super-sized 50 basis point hikes on Thursday.
Coming up in the session: PMI data in focus in Europe later in the day.
Oil prices fell for a second straight session and were headed for a weekly decline of more than 4% on Friday on demand worries after the U.K.’s rate hike. Brent futures slipped 51 cents, or 0.4%, to $73.76 a barrel, while U.S. West Texas Intermediate crude futures were down 42 cents, or 0.6%, at $69.09 at 0240 GMT.
Gold prices on Friday were on track for their biggest weekly loss since February. Spot gold ticked down 0.1% to $1,911.32 per ounce by 0246 GMT, and was down 2.4% for the week. U.S. gold futures edged lower 0.1% to $1,921.20. Spot silver fell 0.5% to $22.1238 per ounce, platinum shed 0.4% to $919.23.
Palladium was down 0.3% at $1,280.14 after hitting its lowest since May 2019 in the previous session.
U.S. stock futures slipped on Friday: Dow -0.35%; S&P 500 -0.41%; Nasdaq -0.45%.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
