Asian stocks advanced on Friday as investors cheered strong economic data from the U.S. and China as well as signs that the world's biggest central banks may soon end their tightening campaigns.
The dollar fell from a six-month peak against major peers and gold edged up, while oil prices were on track for a third consecutive week of gains on news that Chinese refiners broke refining rate records in August.
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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.