European stocks are seen opening on a cautious note Thursday after hawkish Fed minutes confirmed the need for further interest rate increases.
Asian markets fell broadly, with benchmark indexes in Australia, Japan and Hong Kong falling 1-3 percent, as investors fret about the impact of rising interest rates on economic growth.
U.S.-China tensions also remained on investors' radar, with the United States firmly opposing China's plans to curb exports on gallium and germanium, metals crucial for producing semiconductors.
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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.