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US: Stocks slipped Thursday, as investor enthusiasm about a potential slowdown in interest-rate increases faded.

Asia: Shares in the Asia-Pacific inched higher as Japan’s core consumer price index for October rose 3.6% compared to a year ago, higher than expected and at the fastest pace in 40 years. The nation last saw the same level in February 1982, Refinitiv data.

India: After exhibiting lacklustre movement for a major part of the trading day on Thursday, the key benchmark indices weakened in late trade owing to selling pressure in auto, IT and HDFC twins. M

Market is expected on flattish note and likely to witness profit booking during the day.

Global Economy: The number of Americans filing new claims for unemployment benefits fell last week, showing widespread layoffs remain low despite a surge in technology-sector job cuts that has raised fears of an imminent recession. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 222,000 for the week ended Nov. 12. Economists polled by Reuters had forecast 225,000 claims for the latest week.

Japan's core consumer inflation accelerated to a 40-year high in October as a weak yen pushed up the cost of imported commodities, which were already surging due to global supply constraints. The nationwide core consumer price index (CPI), excludes volatile fresh food prices but includes energy, was 3.6% higher in October than a year earlier, versus a 3.5% rise expected by economists, and accelerating from the prior month's 3.0% annual gain

Commodities: Gold was headed for a weekly fall on Friday as the recent rally fizzled after several U.S. Federal Reserve officials suggested that interest rates would continue to rise, pouring cold water on market expectations that the U.S. central bank would pivot

Oil prices rose on Friday as the dollar slipped but were headed for hefty weekly losses on expectations there will be no let-up in sharp U.S. interest rate hikes and the prospect of weaker demand from top oil importer China amid rising COVID-19 cases.

Currency: Expectations of higher rates strengthened the dollar. The dollar was headed for its best week in a month on Friday, as hawkish remarks from Federal Reserve officials and strongerthan-expected retail sales data have put the brakes on a pullback that was triggered by signs of softening inflation

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