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US: U.S. stocks extended recent gains to end higher on Thursday, with the Nasdaq rising more than 1% for a second straight day, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years..

Asia: Asian stocks rose on Friday, on course for their best week this year, as a cooling in U.S. inflation stoked speculation that the Federal Reserve could pause rate hikes after this month.

India: Sensex and Nifty climbed to record highs on Thursday but pared most of the gains in the second half. Sensex crossed the psychological mark of 66,000, while Nifty went above 19,500.. Market is expected to open positive and likely to witness volatile move during the day.

Global Economy: China’s exports shrank more than expected in June while imports continued to decline as the Asian economy struggles with slowing local and overseas demand. China’s dollar-denominated exports slid 12.4% in June from the prior year, much weaker than estimates for a rise of 0.5% and a 7.5% contraction in May.

U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, further evidence that the economy had entered a period of disinflation even as the labor market remains tight. The PPI for final demand nudged up 0.1% last month. Data for May was revised to show the PPI falling 0.4% instead of the previously reported 0.3%.

Commodities: Gold prices on Friday were set for their biggest weekly gain since April, as the U.S. dollar hovered close to a more than one-year low on bets the Federal Reserve will soon hit the brakes on interest rate hikes..

Oil prices rose in Asian trade on Friday, hovering near 10-week highs on the prospect of tighter supplies, amid disruptions in Libya and Nigeria, while data showing a drop in U.S. inflation also supported sentiment.

Currency: The dollar hovered at 15-month lows on Friday after a steep dive overnight, as markets wagered the Federal Reserve was close to the end of its rate hike cycle due to easing inflation.

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