Japan’s Nikkei posts biggest point gain for fiscal year
Japan’s Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying.
Japan’s Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying.
Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Friday, the fourth such increase in five years aimed at easing the burden on households squeezed by a higher cost of living.
The Japanese currency was also modestly weaker at 151.38 per dollar having traded just shy of the 152 mark at its weakest since 1990 on Wednesday before Japan’s top monetary officials suggested they were ready to intervene to prevent further declines.
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India stocks were higher after the close on Friday, as gains in the Power, Capital Goods and Public Sector Undertakings sectors led shares higher. At the close in NSE, the Nifty 50 rose 0.92%, while the BSE Sensex 30 index climbed 0.90%.
Hungary’s central bank warned on Thursday the 2024 budget gap could exceed the government’s recently raised target of 4.5% of gross domestic product, calling for credible fiscal planning to cut market risks for central Europe’s most indebted economy.
The dollar gained on the euro on Thursday after a U.S. Federal Reserve policy maker said he wasn’t in a hurry to cut rates, while traders also prepared for key U.S. economic data due on Friday and squared positions for month- and quarter-end.
-Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, on the prospect of supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts.
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U.S. stocks struggled for direction Thursday, as investors digested data that continue to suggest the economy is headed for a soft landing, though trading volumes were light ahead of key inflation headed into the long weekend.