Stock Market Highlights: The NSE Nifty 50 index has rallied 4.7 per cent or 1,140 points in the last 14 straight trading sessions.
Investors now await US weekly jobless claims, which have gained prominence
Fed chair Jerome Powell speaks in Jackson Hole and investors assume he will acknowledge the case for a cut
Japan's Nikkei rose another 1.7 per cent on Friday, tracking a strong rebound on Wall Street overnight
Elsewhere, Taiwan's tech-heavy stock benchmark sagged 2% and Hong Kong's Hang Seng lost 1%
Nikkei futures were trading at 33,640, suggesting the cash market could open around 2,000 points higher
Japan's Nikkei, tumbled 3 per cent as the strengthening yen clouded the outlook for the country's exporters
The data likely sets the stage for the Fed to begin cutting rates in September, as the market widely expects
As the US rate cycle peaks out, having attractive options in emerging markets is fundamental to any pivoting of capital flows
Moves in the yen against the dollar and other major currencies stole the spotlight on Friday
A slowdown in hiring and small uptick in unemployment is forecast, would leave open the door for US rate cuts
The US is back on a disinflationary path, Powell said on Tuesday, although he cautioned that policymakers need more data
Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14
President Emmanuel Macron's shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market capitalisation of French firms last week
Investor worries of a cooling US economy, however, kept a lid on risk appetite, while the focus in Asia is on how Indian markets fare after stocks sank and the rupee slid
Stock Market Highlights on May 31: Sensex, and Nifty indices closed up to 0.19 per cent higher ahead of exit polls, Q4FY24 GDP data
A downward revision to consumer spending meant the US economy grew more slowly than expected in the first quarter, data showed on Thursday
Stock Market Highlights on May 30: In the broader markets, the BSE MidCap, and SmallCap indices fell over 1 per cent each
Japan's Nikkei, on the other hand, slipped 0.3 per cent, reversing some of the 0.7 per cent advance a day ago
Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures