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Sensex, Nifty End Modestly Higher Ahead Of Exit Poll Outcome
Indian shares eked out modest gains on Friday as a downward revision to U.S. first-quarter GDP data revived hopes for Fed rate cuts this year.
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European Shares Mostly Lower As Eurozone Inflation Rises More Than Expected
European stocks were broadly lower on Friday after data showed Eurozone inflation rose for the first time this year, reaching 2.6 percent year-on-year in May and adding to worries about slowly the European Central Bank will cut interest rates.
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FTSE 100 Gains As House Prices Bounce Back In May
U.K. stocks eked out modest gains on Friday as data showed U.K. house prices increased in May after two consecutive falls.
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Euro Rises Against Majors
The European currency strengthened against other major currencies in the European session on Friday.
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CAC 40 Struggles For Direction As Inflation Accelerates
French stocks struggled for direction on Friday after data showed consumer prices in the country rose at a faster rate this month due to higher energy prices.
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FAA Approves Amazon Prime Air Drones To Fly Beyond Visual Line Of Sight
Amazon announced that Prime Air, its drone delivery service, has received approval from the Federal Aviation Administration or FAA to fly its drones farther, beyond visual line of sight. The approval would allow Prime Air to further expand drone deliveries and to safely scale operations to more locations in the U.S.
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DAX Little Changed As Retail Sales Disappoint
German stocks were little changed on Friday after data showed retail sales in the country dropped sharply in April.
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Asian Shares Mixed As China PMI Data Disappoints
Asian stocks ended on a mixed note Friday even as a downward revision to U.S. first-quarter GDP data revived hopes for Fed rate cuts this year.
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UK Nationwide House Prices Recover In May
UK house prices increased in May after two consecutive falls as the housing market showed signs of resilience amid ongoing affordability pressures, the Nationwide Building Society said on Friday. House prices gained 0.4 percent month-on-month in May, offsetting April's 0.4 percent decrease. House prices were forecast to climb 0.1 percent.
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STMicroelectronics To Build EUR 5 Bln Silicon Carbide Facility In Italy
Semiconductor major STMicroelectronics N.V. announced Friday its plan to build a new manufacturing facility in Catania, Italy for the mass production of 200mm silicon carbide or SiC wafers. The plant, which is expected to be the world's first fully integrated silicon carbide facility, will be built under the company's projected 5 billion euros multi-year investment program.
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Black & Decker Recalls CRAFTSMAN V20 Cordless Tillers/Cultivators
Towson, Maryland-based Black & Decker (U.S.) Inc. is recalling about 44,400 units of Craftsman V20 Cordless Tillers/Cultivators citing laceration hazard, the U.S. Consumer Product Safety Commission announced. The recall involves CRAFTSMAN Model CMCTL320B V20 Cordless Tillers/Cultivators in red and black colors with UPC number 885911843430.
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European Economic News Preview: Eurozone Inflation Data Due
Flash inflation from the euro area and mortgage approvals from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's retail sales and import prices for April. Retail sales are forecast to fall 0.1 percent on month, in contrast to the 1.8 percent rise in March.
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European Shares To Drift Lower Ahead Of Eurozone, US Inflation Prints
European stocks are seen opening slightly lower on Friday as investors react to weak Chinese data and await key inflation readings from the euro zone and the U.S. for direction.
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