European stocks are seen opening higher on Thursday after Wall Street clawed back from a three-week long sell-off overnight amid easing inflation and rate hike concerns.
Asian markets followed Wall Street higher, though Chinese and Hong Kong stocks fell after China's Chengdu city extended a lockdown in most of its districts to stem further transmission of Covid-19 cases.
The dollar resumed its upward march and held near a record high, denting bullion's safe-haven appeal.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.