European shares dropped in a broad-based sell-off on Friday (Jun 14), marking a weekly loss amid political turmoil in France that has sent the French benchmark reeling.
SINGAPORE equities began trading in positive territory on Thursday (Jun 13), as global sentiment remained upbeat after data showed US consumer prices were unexpectedly unchanged in May.
European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
European stocks closed higher on Wednesday after softer than expected U.S. consumer price inflation data helped ease concerns about the outlook for interest rate.
12 June: Market Remains Hopeful For Rate Cut Later This Year
The US Federal Reserve has held interest rates in a target range between 5.25% and 5.5%, a