Asian stocks traded higher on Friday to extend gains from the previous session, as a hawkish interest-rate hold by the Federal Reserve coupled with weak U.S. economic data released overnight fueled hopes that the U.S. central bank is done with the most aggressive tightening cycle in four decades.
The dollar eased and Treasury yields fell after weeks of high levels ahead of the all-important U.S. jobs report due later in the day, with economists expecting a slowdown in hiring for October.
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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.