Benchmarks rose in Paris, Frankfurt and Hong Kong but fell in Tokyo and Shanghai. On Thursday, Wall Street logged gains while bond yields mostly fell despite the much-anticipated report showing consumer prices rose 5% in May, the biggest year-over-year increase since 2008 and more than economists had expected. Investors also reacted positively to more data that showed continued improvement in the labour market.
Markets will be tuning in this weekend for any developments at the summit of the Group of Seven in Britain. At the top of the leaders agenda is helping countries recover from the coronavirus pandemic, which has killed more than 3.7 million people and wrecked economies.
Read more about Asian shares mixed after United States inflation jumps 5% in May on Business Standard. Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in US consumer prices in May.Shanghai fell, Tokyo was nearly unchanged, while shares rose in Hong Kong, Seoul and Sydney. US futures
Read more about Sensex touches lifetime intra-day high; BSE cos valuation at record level on Business Standard. This comes amid increased buying in index heavyweights and supportive global trends.
Read more about World shares, dollar hit pause ahead of United States CPI, ECB meeting on Business Standard. US stock futures pointed to a flat open on Wall Street.
Read more about Asian shares advance as investors await United States inflation data on Business Standard. Benchmarks rose across the region, but stayed in a relatively narrow range.