Page 52 - Eco News Today

Indian shares opened lower on Friday, following a decline in broader Asian equities as hawkish central banks sour appetite for risky assets and as domestic benchmarks began consolidating at near-record levels.

British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation's squeeze on their spending power.

Investors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past few months disappointed by economic data and a lack of meaningful policy response from Beijing.

Foreign investors hoping for a game-changing rate hike from Turkey's newly appointed central bank chief said Thursday's disappointing move to a key rate of just 15% could keep some money on the sidelines.

The European Union formally adopted on Friday its 11th package of sanctions against Russia over its invasion of Ukraine, focusing on preventing the circumvention of existing measures.

U.S. President Joe Biden and visiting Indian Prime Minister Narendra Modi will deliver remarks and take questions from journalists on Thursday during the Indian leader's state visit, an event a senior White House official called a "big deal"

The Biden administration will make it easier for Indians to live and work in the United States, using this week's state visit by Prime Minister Narendra Modi to help some skilled workers enter or remain in the country, according to three people familiar with the matter.

A look at the day ahead in European and global markets from Ankur Banerjee

Bank of Japan (BOJ) board member Asahi Noguchi said on Thursday the central bank must maintain ultra-loose monetary policy to ensure wages, seen as key to driving inflation to its 2% target, continue to increase as a trend.

A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor for Finance & Markets, Americas.