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US: US stocks ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks

Asia: Asia-Pacific markets are mixedafter Wall Street saw a tech rally led by Nvidia, and U.S. negotiators moved closer to a debt ceiling deal with just a week to go before the government faces a potential default

India: The Indian benchmark indices ended Thursday’s volatile session higher led by gains in auto, FMCG and realty stocks amid mixed global cues. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global Economy: Australian retail sales missed expectations in April, remaining flat from the prior month as a rising cost of living and high interest rates saw consumers pulling back further on spending big. The reading missed expectations for a rise of 0.3%, and showed that growth was slowing after a 0.4% rise in March. Overall retail spending suffered as inflation remained pinned near 30-year highs, and as continued interest rate hikes by the Reserve Bank pushed up mortgage costs.

Consumer price index inflation in Japan’s capital read below expectations in May, amid steady food prices and increased government spending to ease electricity costs. The Tokyo core CPI, which excludes fresh food prices, rose an annualized 3.2% in May. The core figure was also at its lowest level since March, but remained in sight of a 40-year peak hit in January, at 4.3%

Commodities: Gold prices languished near a two-month low on Friday and were set for their third straight weekly fall, as progress in U.S. deal ceiling negotiations bolstered the dollar. Oil prices were roughly unchanged in early trading on Friday, as markets awaited clarity on OPEC and its allies' next oil policy moves after conflicting messages made it hard to predict the outcome of the meeting next week.

Currency: The dollar stood near a two-month high against its major peers on Friday and was headed for a third weekly gain on expectations that U.S. interest rates could remain higher for longer than initially expected.

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