Asian stocks tracked overnight declines on Wall Street to end lower on Friday as hawkish comments from a trio of Fed policymakers as well as rising oil prices spurred more uncertainty about the outlook for U.S. interest rates.
Gold fell from record highs as the dollar strengthened ahead of key jobs data due later in the day and inflation reports out next week. Oil headed for a second weekly gain due to a worsening conflict in the Middle East.
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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.