In New York,  the Dow Jones Index rose 432 points or 1.00 percent on Friday. Leading the gains are Nike (15.01%), Boeing (5.93%) and Amazon (2.60%). Top losers were IBM (-0.93%), Amgen (-0.75%) and JPMorgan (-0.51%).

The Dow Jones Index Closes 1.00% Higher

The Ibovespa edged down 0.2% to close at 136,866 on Friday to close the week 0.2% lower as a resurgence of fiscal uncertainty, elevated domestic discount rates and firmer US yields combined to dampen appetite for Brazilian equities. The abrupt congressional repeal of the IOF surcharge, originally designed to bolster revenue, has reignited discussions over necessary primary-spending cuts and undermined confidence in near-term fiscal consolidation. Meanwhile, while Brazil’s labor market remains resilient with unemployment at 6.2% in the three months through May (better than the 6.4% consensus), sectoral performance was mixed: Petrobras underperformed, slipping about 1% on concerns over higher funding costs and regulatory headwinds, while heavyweight names such as Ambev, WEG and Rede D’Or each fell between 1% and 1.5%, reflecting broad-based caution across consumer staples, industrials and healthcare.

Ibovespa Posts Marginal Weekly Losses

The S&P/TSX Composite Index fell 0.2% to below the 26,692 on Friday, trimming some of the weekly gains to 0.7% amid fresh tariff threats, commodity headwinds and domestic stagnation. President Trump’s decision to terminate all trade negotiations with Canada over its digital services tax—and his threat of looming retaliatory tariffs—has rattled exporters and injected fresh uncertainty into Canada’s trade-dependent sectors. At the same time, Statistics Canada’s data reveal back-to-back 0.1% GDP contractions in April and a likely repeat in May, underscoring how US levies and tariff uncertainty are weighing on manufacturing and wholesale trade. Major mining equities led the decline with Agnico Eagle, Wheaton Precious, and Barrick Gold tumbling between 2.8% and 5.3% amid a sharp decline in gold—now at a four-week low, as safe-haven demand wanes amid easing geopolitical tensions and clarity on the US–China trade accord.

TSX Pressured by Renewed Tariff Threats

US stocks closed at record highs on Friday driven by optimism over pending trade agreements and rising expectations for interest rate cuts, as investors largely brushed off President Donald Trump’s remarks about ending trade talks with Canada. The S&P 500 rose 0.5% to finish at record high, surpassing its February peak, the Nasdaq 100 also hit fresh record, climbing 0.5%. The Dow Jones rose 432 points. Markets rallied earlier in the day on optimism over new trade agreements with several key partners, including a framework deal with China. However, Trump’s abrupt announcement regarding Canada unsettled investors, cutting into the session’s gains. Still, the broader market has made a strong recovery from April lows, driven by easing inflation concerns, solid corporate earnings. Economic data also supported the rebound, with consumer sentiment improving and core PCE inflation rising only slightly .Nike surged 13% following strong earnings, and Amazon rose 0.5% after receiving an upgrade.

S&P 500, Nasdaq Close at Record Highs on Trade Hopes

US stocks erased earlier gains on Friday after briefly hitting new record highs, as investor sentiment cooled following unexpected comments from President Donald Trump about terminating trade talks with Canada. The S&P 500 slipped 0.1% after touching a fresh peak, the Nasdaq lost 0.3% after also reaching a record, while the Dow Jones rose 252 points. Markets rallied earlier in the day on optimism over new trade agreements with several key partners, including a framework deal with China. However, Trump’s abrupt announcement regarding Canada unsettled investors, cutting into the session’s gains. Still, the broader market has made a strong recovery from April lows, driven by easing inflation concerns, solid corporate earnings. Economic data also supported the rebound, with consumer sentiment improving and core PCE inflation rising only slightly .Nike surged 13% following strong earnings, and Amazon rose 0.5% after receiving an upgrade.

Wall Street Pulls Back After Trump’s Trade Shift

US stocks rallied to record highs on Friday, capping a remarkable comeback from the April selloff, as optimism over trade agreements and growing expectations for interest rate cuts fueled market momentum. The S&P 500 rose 0.7% to a new all-time, surpassing its February peak, the Nasdaq 100 also hit fresh record, climbing 0.6%. The Dow Jones gained over 550 points, supported by broad-based strength. Positive sentiment was reinforced by news that the US and China had finalized a trade framework, including an agreement for rare earth exports, while deals with other key trading partners are reportedly close. Despite a slightly hotter-than-expected inflation reading, markets took comfort in signs that price pressures remain moderate enough to keep Fed rate cuts on the table. Tech giant Nvidia rose 1.7% to notch a fresh record high, while Microsoft briefly touched a new peak before hovering flat. Nike surged 13% following strong earnings, and Amazon climbed 1.1% after receiving an upgrade.

S&P 500, Nasdaq Eye Record Close on Trade Hopes, Fed Bets

The CAC 40 rose 1.8% to close at 7,691 on Friday, rebounding after two sessions of losses, supported by improved sentiment amid signs of progress in US trade talks with China and others. President Trump announced that Washington and Beijing had reached an agreement to speed up shipments of rare earth minerals to the US, as part of broader efforts to ease trade tensions. At the same time, the White House indicated that the steep import tariffs, originally planned for July, could be postponed if trade negotiations make sufficient progress. The rally was further fueled by growing speculation that Fed policy may turn more dovish, with expectations that Jerome Powell could be replaced. In France, preliminary data showed a surprise acceleration in consumer prices in June, while producer prices posted their first annual increase since November 2023. Among individual stocks, Schneider Electric (+5.7%), Legrand (+4.2%), and Kering (+3.6%) led the gains. For the week, the CAC 40 rose 1.8%.

French Stocks Rebound Amid Trade Optimism

Frankfurt's DAX gained further ground, closing about 1.6% firmer at 24,033 on Friday, its highest since June 9, in line with European and global peers. The rally was supported by progress on the trade front, including the US-China agreement and the potential delay of tariff implementation on Europe. Meanwhile the Iran-Israel truce holds and diplomatic efforts continue behind the scenes to bring Tehran back to the negotiating table. On the corporate front, gains were broad-based, led by autos. Porsche topped the index with a 7.6% surge, followed by Daimler Truck Holding, BMW, Mercedes Benz Group, Continental and Volkswagen, with gains ranging between 3.9% and 6.1%. Retailers, techs, pharma stocks and materials also advanced firmly. For the week, the index advanced nearly 3%.

DAX Ends at Near 3-Week High

In Milan,  the FTSE MIB Index rose 391 points or 0.99 percent on Friday. Leading the gains are Prysmian (5.53%), Buzzi Unicem (4.30%) and Ferrari NV (3.91%). Top losers were Amplifon (-7.30%), Leonardo SpA (-3.24%) and Diasorin (-2.09%).

The FTSE MIB Index Closes 0.99% Higher

European stocks closed sharply higher on Friday, tracking global equities amid signs that the US may opt to impose softer tariffs than previously signaled. The Eurozone's STOXX 50 closed 1.5% higher at 5,320, and the pan-European STOXX 600 added 1.1% to close at 543. The US and China agreed to a trade deal and avoid their aggressive tariffs against each other, consistent with the softer rhetoric on tariffs by selected US policymakers. This coincided with the EU leaders' discussion on how to reach an agreement with the US over their previous trade disputes. In addition, harmonised inflation in both France and Spain accelerated more than expected - to 0.8% and 2.2% respectively - but remained low enough to keep the ECB on track to continue cutting interest rates. Gains took place in all sectors, led by major industrials. Siemens and Schneider jumped 6.5% vs 3.6%, respectively, while BMW, Mercedes Benz, and Stellantis rose over 4.5% each to set the pace for auto manufacturers.

European Stocks Close Sharply Higher

In Frankfurt,  the DAX Index gained 384 points or 1.62 percent on Friday. Gains were led by Porsche AG (7.56%), Daimler Truck Holding AG (6.14%) and BMW (5.32%).

The DAX Index Closes 1.62% Higher

In Paris,  the CAC 40 Index went up by 134 points or 1.78 percent on Friday. Top gainers were Schneider Electric (6.25%), Kering (6.04%) and Stellantis NV (4.65%).

The CAC 40 Index Closes 1.78% Higher

The FTSE MIB index rose 1% on Thursday to close at 39,669, in line with gains across European markets, as easing geopolitical tensions and signs of progress in US-China trade negotiations lifted sentiment. Both the EU and US expressed confidence in reaching a deal before the July 9 deadline, when steep mutual tariffs are set to take effect. On the corporate front, Prysmian (+5.6%), Stellantis (+4.6%), Buzzi (+4.3%), and Ferrari (+4%) led the gains. On the downside, Amplifon sank 7% after Exane analysts downgraded their recommendation on the stock. Diasorin (-2.1%), and Banca Monte dei Paschi di Siena (-1.8%) also posted losses. Leonardo fell 3.2%, as investors took profits from the rally after NATO pledged to increase military spending.

FTSE MIB Gains on Easing Global Risks

The FTSE 100 rose over 0.5% on Friday, boosted by a nearly 7% jump in JD Sports after an improved outlook from key partner Nike. JD, heavily reliant on Nike, has faced pressure from weak sportswear demand and US tariffs, though Friday's rally narrowed its year-to-date losses to 9%. Other major gainers included AstraZeneca, HSBC, Shell, Unilever, and Relx, all rising between 0.8% and 1.6%. Despite the day’s gains, the FTSE 100 logged its second consecutive weekly loss, the first such streak since April.

FTSE 100 Rises Led by JD Sports

In London,  the FTSE 100 Index rose 56 points or 0.64 percent on Friday. Leading the gains are JD Sports Fashion (6.59%), Ashtead (5.55%) and Melrose (3.61%). Top losers were Fresnillo (-4.61%), Endeavour (-1.94%) and BAE Systems (-1.44%).

The FTSE 100 Index Closes 0.64% Higher

In New York,  the Dow Jones Index is gaining 278 points or 0.64 percent on Friday. Leading the gains are Nike (14.60%), Boeing (2.21%) and Amazon (1.65%). Top losers are Amgen (-0.44%), JPMorgan (-0.41%) and Chevron (-0.19%).

The Dow Jones Index Opens 0.64% Higher

The Ibovespa edged down 0.3% early Friday, trading below 137,000 as investors await remarks from the Finance Minister and the central bank’s Economic Policy Director. Attention abroad focused on trade tensions and US PCE core inflation, which rose 2.7% year-over-year and 0.2% monthly, above expectations. Locally, Brazil’s jobless rate stood at 6.2% in the three months through May, better than the 6.4% forecast. Markets are also watching for the Treasury’s May Public Debt Report. Globally, sentiment was lifted by news of a US-China understanding to expedite Chinese rare earth shipments. On the corporate front, Petrobras fell 0.5%, while major banks dropped (Itaú -0.8%, Santander -1.4%), along with Eletrobras (-0.2%), Embraer (-1.2%), and meatpackers Minerva (-0.6%, Marfrig -1%). Vale rose 0.3%, and steelmakers traded mixed (CSN +0.5%, Gerdau -0.4%), as did retailers (Americanas +0.3%, Magazine Luiza -1.3%) .

Ibovespa Dips as Markets Await Key Speeches

The S&P/TSX Composite Index fell around 0.2% to below the 26,730 mark on Friday, trimming some of the weekly gains to around 0.8% amid falling gold prices, economic stagnation, and shifting policy expectations weighing on Canadian equities. Major mining equities led the decline with Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada tumbling between 2% and 3.7% amid a sharp decline in gold—now at a four-week low, as safe-haven demand wanes amid easing geopolitical tensions and clarity on the US–China trade accord. Meanwhile, Canada’s economy contracted 0.1% in both April and May, reinforcing concerns over a broader slowdown, especially as manufacturing and wholesale sectors shrank under tariff strain. Despite this weakness, sticky core inflation and the Bank of Canada's cautious stance on rate cuts have pushed long-term bond yields higher, raising discount rates and pressuring equity valuations.

TSX Declines, Still Poised for Weekly Gains

US stocks reached new peaks on Friday as optimism of relaxed trade policy and confidence about rate cuts by the Federal Reserve outweighed pessimistic economic data. The S&P 500 and the Nasdaq 100 inched 0.3% higher to a new record while the Dow gained 200 points. Commerce Secretary Lutnick stated that the US reached a trade agreement with China, consolidating the relief of lower tariffs and preventing rare earth shortages. Officials also hinted at progress in trade deals with ten other countries, suggesting that the White House grew some aversion to trade barriers. In turn, the Treasury removed the Section 899 tax from the upcoming tax bill, aiding foreign investment in the US. In the meantime, traders continued to favor bets of multiple Fed cuts this year after personal spending and income unexpectedly contracted in May, although the core PCE price accelerated. Nike surged 15% after delivering good results, and Amazon gained 2% after being upgraded by BNP Paribas Exane.

S&P 500, Nasdaq Reach New Records

US500 increased to an all-time high of 6159.00 Index Points. Over the past 4 weeks, United States Stock Market Index (US500) gained 4.58%, and in the last 12 months, it increased 12.77%.

The S&P 500 Hit All-time High

US stock futures trimmed their gains but remained higher on Friday amid evidence of a slowing economy. The S&P 500 and the Nasdaq 100 were set to open 0.4% higher at records, while Dow contracts were 200 points higher. New data showed that personal spending and income unexpectedly contracted in May, while core PCE inflation unexpectedly rose. Still, equities benefited from the outlook of relaxed trade policy and greater confidence over incoming rate cuts by the Federal Reserve. Commerce Secretary Lutnick stated that the US reached a trade agreement with China, consolidating the relief of lower tariffs and preventing rare earth shortages. Officials also hinted at progress in a trade deal with India, suggesting that the White House grew some aversion to trade barriers. In turn, the Treasury removed the Section 899 tax from the upcoming tax bill, aiding foreign investment in the US. Nike futures were 10% higher on strong earnings, while tech benefited from the rebound in risk sentiment.

Futures Trim Gains After PCE Data

India's BSE Sensex closed about 0.4% up at 84,058.9 on Friday, setting a new high since October 2024 and extending its winning streak to four sessions. Market sentiment was supported by optimism around an imminent trade deal with the US, easing geopolitical tensions and continued foreign institutional investor (FII) inflows. President Donald Trump has hinted at a “very big” trade agreement with India following the United States' new deal with China. For the week, the index posted a 2% gain, the second consecutive weekly increase, largely driven by improving geopolitical sentiment.

Indian Stocks Hit New Milestone, Book Weekly Gain

US stock futures rose on Friday, extending this week's momentum amid optimism of more relaxed trade policy and greater confidence that the Federal Reserve will deliver multiple rate cuts this year. Contracts attached to the S&P 500 and the Nasdaq 100 pointed to opens at record highs, while the Dow was set to gain 150 points. Commerce Secretary Lutnick stated that the US reached a trade agreement with China, consolidating the relief of lower tariffs and preventing rare earth shortages. Officials also hinted at progress in a trade deal with India, suggesting that the White House grew some aversion to trade barriers. In turn, the Treasury removed the Section 899 tax from the upcoming tax bill, aiding foreign investment in the US. On the data front, new releases are set to show that PCE inflation ticked higher in May, while personal income and spending held April's growth. Nike futures were 10% higher on strong earnings, while tech benefited from the rebound in risk sentiment.

S&P 500 Set to Extend Record High

The Hang Seng lost 41 points or 0.2% to close at 24,284 on Friday, marking a second session of drop after a brief rise in morning trade. Sentiment turned cautious after China’s industrial output slumped 9.1% yoy in May, the first fall in three months, dragging year-to-date output down 1.1% amid deflation risks and rising U.S. tariffs. Traders were also worried ahead of key PMI data in China next week from official and private sources. Still, the index surged 3.2% this week, reversing a prior weekly loss, boosted by easing Sino-U.S. trade tensions after a rare earth shipment framework deal, fresh support measures from Beijing to spur consumption, and robust Hong Kong’s IPO market. Property stocks dragged, with steep losses from China Overseas Land (-3.9%), Henderson Land (-2.3%), and Longfor Group (-1.8%). Pharma names also fell, notably Akeso Inc. (-2.6%) and Innovent Biologics (-2.2%). In contrast, Xiaomi Corp. hit a record high after launching a new EV model with strong pre-orders.

Hang Seng Jumps 3% This Week

Frankfurt's DAX rose 0.8% to surpass 23,800 on Friday, advancing for a second day, mirroring a positive sentiment across European markets. Market sentiment was driven by optimism over US trade progress with China and other trading partners, alongside the sustained easing of geopolitical tensions. A US-China trade truce was signed, and the White House signaled flexibility on tariff deadlines, easing concerns over an extended trade conflict. Almost all sectors traded in the green, led by retailers, autos and pharma stocks. Adidas and Puma topped the index, adding 4% and 3.1%, respectively. Porsche, Daimler Truck Holding, Sartorius, BMW, Bayer, Siemens, Mercedes Benz Group and Merck followed closely, with gains between 1.7% and 3.5%.

DAX Rises on Easing Tariff Concerns

The CAC 40 climbed 1.4% to 7,660 on Friday, rebounding after two consecutive sessions of declines, as market sentiment improved amid better US trade relations with China and other trading partners. President Donald Trump announced that Washington and China had reached an agreement to accelerate shipments of rare earth minerals to the US, as part of broader efforts to ease trade tensions. Simultaneously, the White House indicated that the steep import tariffs originally planned for early July might be postponed if trade negotiations make sufficient progress. In France, preliminary data showed that the annual consumer prices unexpectedly accelerated in June 2025, from May’s over four-year low. Meanwhile, producer prices rebounded in May, marking their first annual increase since a flat reading in November 2023. Among individual stocks, leading the gains were Kering and Schneider Electric, each up 3.9%, followed by Legrand (3.5%) and Stellantis NV (2.3%).

French Stocks Rebound Amid Hopes of Trade Relief

The FTSE MIB edged higher to around 39,380 on Friday, underperforming its regional peers as investors cheered US progress on trade with China and other partners. The US and China finalized the details of their trade deal, while the White House downplayed the urgency of upcoming tariff deadlines, hinting at possible extensions and easing fears of a prolonged trade conflict. On the domestic front, traders awaited a batch of economic data due later today, including business and consumer confidence, industrial sales, and PPI inflation. Across the bourse, automakers led gains, with Ferrari and Stellantis both rising around 2%. Other key gainers included Prysmian (+2.9%), Moncler (+2.4%), and Pirelli (+1.1%). On the flip side, defense stock Leonardo led losses, down more than 2%. For the week, the benchmark index is set for a modest gain after two consecutive weekly losses.

Italian Shares Tick Higher

The FTSE 100 traded higher on Friday, lifted by gains in banks, miners, and major consumer and pharmaceutical stocks, though individual moves were modest. Banks led the way, with Barclays up 1.7%, Standard Chartered 1.3%, and NatWest 0.9%. Miners Rio Tinto, Anglo American, and Antofagasta also gained over 1% each, while Unilever and AstraZeneca rose more than 1% and 0.7%, respectively. In corporate news, JD Sports jumped 6.5% after signs of improving outlook from partner Nike. JD has struggled amid tough conditions in the sportswear sector, worsened by US tariffs on key supplier countries. Despite the rally, its shares are still down about 9% this year. Meanwhile, Heathrow Airport raised its 2025 revenue forecast, expecting more long-haul travel than previously thought. On the downside, defense firms BAE Systems and Babcock slipped, with Babcock falling after Deutsche Bank downgraded the stock, citing its 126% rally this year and a need to "pause for breath."

FTSE 100 Trades Higher on Friday

The STOXX 50 gained 0.8% and the STOXX 600 added 0.6% on Friday on optimism over US trade progress with China and other trading partners. US and China trade truce has been signed and the White House downplayed the urgency of upcoming tariff deadlines, suggesting they could be extended, easing fears of a prolonged trade conflict.

European Stocks Rise on Hopes of Trade Relief

The Shanghai Composite fell 0.7% to close at 3,424 on Friday, while the Shenzhen Component edged up 0.34% to 10,378, as mainland markets struggled for direction amid the lack of concrete details in the newly confirmed US-China trade agreement. Beijing announced that both countries have finalized the terms of a trade deal reached earlier this month in London, aimed at implementing the so-called Geneva consensus. Under the agreement, China will review export applications for items under export control rules, while the US will cancel a range of existing restrictive measures on China. On the data front, industrial profits in China dropped 9.1% year-on-year in May—the sharpest decline in seven months—highlighting ongoing economic challenges. Notable losses were seen in Beijing Compass (-3.4%), Lakala (-2.4%), and Kweichow Moutai (-1.2%). Despite Friday’s muted performance, the Shanghai and Shenzhen indexes still posted solid weekly gains of 1.91% and 3.73%, respectively.

China Stocks Struggle as Markets Await Clarity on Trade Deal

In Frankfurt,  the DAX Index is gaining 222 points or 0.94 percent on Friday. Leading the gains are Puma (5.63%), Porsche AG (4.36%) and Adidas (3.90%). Top losers are Rheinmetall (-2.68%), RWE (-0.17%) and E.ON (-0.16%).

The DAX Index Opens 0.94% Higher

In Paris,  the CAC 40 Index is picking up 103 points or 1.36 percent on Friday. Gains are led by Schneider Electric (4.37%), Legrand (4.29%) and Kering (3.67%).

The CAC 40 Index Opens 1.36% Higher

The S&P/ASX 200 fell 0.4% to close at 8,514 on Friday, erasing earlier gains as losses in financials outweighed a rally in mining stocks, though the index still posted a modest 0.1% weekly gain. Investors were also left uncertain by the lack of detail in the newly announced US-China rare earth deal; although Trump confirmed an agreement to expedite shipments, the absence of specifics weighed on sentiment. Domestically, reports warned Australia could face $3.7 billion in annual taxes on its $27.9 billion income from US assets, mainly equities, if the US enacts a proposed law targeting countries with ‘discriminatory’ tax policies. Attentions now turn to next week’s May retail sales, which could reinforce concerns over Australia’s growth outlook and support the case of a July rate cut. On the corporate side, major banks led losses due to profit-taking, such as CBA (-2.8%), NAB (-1.6%), and Westpac (-1.9%). Conversely, heavyweight miners jumped nearly 4% over the US-China rare earth deal.

Australian Stocks End Lower as Financials Drag

In China,  the Shangai Composite Index decreased 23 points or 0.68 percent on Friday. Losses were driven by Agricultural Bank of China (-3.62%), Anhui Conch Cement (-3.48%) and Bank Of China (-3.45%). Biggest rises came from Zijin Mining (3.95%), Avic Shenyang Aircraft (2.68%) and Aluminum Corporation of China (2.01%).

The Shangai Composite Index Closes 0.68% Lower

The Nikkei 225 surged 1.43% to close at 40,151 on Friday, while the broader Topix Index rose 1.28% to 2,841, with both benchmarks hitting multi-month highs. The rally followed a strong lead from Wall Street and improved global sentiment after the White House downplayed the urgency of upcoming tariff deadlines, easing fears of a prolonged trade war. Spokesperson Karoline Leavitt indicated the deadlines were flexible and could be extended. Investors also digested fresh data showing Tokyo’s core inflation slowed in June but remained well above the Bank of Japan’s 2% target, reinforcing expectations for additional rate hikes. Gains were led by major index heavyweights including Disco (+7.5%), Tokyo Electron (+4.3%), Mitsubishi Heavy Industries (+2.7%), Kawasaki Heavy Industries (+6.2%), and SoftBank Group (+2.5%). For the week, the Nikkei gained 4.55%, while the Topix added 2.5%.

Nikkei Tops 40,000 on Trade Optimism

In Tokyo,  the Nikkei 225 Index rose 532 points or 1.34 percent on Friday. Leading the gains are Nippon Sheet Glass (7.14%), Sumitomo Dainippon (6.51%) and Sumitomo Metal Mining (6.28%).

The Nikkei 225 Index Closes 1.34% Higher

The S&P/NZX 50 index close 0.8% at 12,584 on Friday, marking its second straight session of gains. The index tracked Wall Street’s rally, supported by easing geopolitical tensions in the Middle East and growing market expectations of Federal Reserve rate cuts. Fresh trade hopes also added to the upbeat mood. President Donald Trump said on Thursday that the US and China have formally signed a trade agreement the day before and hinted at a "very big" deal to open up India. In domestic news, the ANZ-Roy Morgan survey showed that New Zealand’s consumer confidence rose to a six-month high in June, though several components remain subdued and the index is still in pessimistic territory. On the corporate front, heavyweights Meridian Energy (1.2%), Auckland Intl Airport (1.1%), Infratil (2.9%), Contact Energy (1.1%), and Spark NZ (2.5%) were among the notable gainers. For the week, the NZX 50 edged up 0.1%.

New Zealand Stocks Finish Week Higher

European equity markets were poised to open higher on Friday, buoyed by improved global sentiment after the White House downplayed the urgency of upcoming tariff deadlines, suggesting they could be extended, easing fears of a prolonged trade conflict. Investors in Europe will turn their attention to a busy economic calendar, which includes inflation data from France and Spain, as well as business and consumer confidence figures from Italy and Eurozone consumer inflation expectations. Meanwhile, the earnings calendar remains quiet, with no major corporate reports scheduled. In premarket trading, futures for the Euro Stoxx 50 rose 0.5%, while Stoxx 600 futures gained 0.4%.

European Stocks Set for Higher Open

Equities in India rose 84 points, or 0.1%, to 83,850 in early deals on Friday, marking the fourth consecutive session of gains. The BSE Sensex hovered near its highest level since early October, tracking a rally on Wall Street overnight driven by easing geopolitical tensions, a sharp rise in the tech sector, and renewed hopes of an interest rate cut. Sentiment was further supported by continued foreign inflows, underpinned by strong domestic economic data. Additionally, a statement from US Commerce Secretary Howard Lutnick that the US is close to finalizing a trade deal with India further boosted investor confidence. Metals and tech stocks led the gains, with notable performances from Adani Ports (+1.7%), Power Grid (+1.3%), SBI (+1.2%), Asian Paints (+1.1%), and Tata Motors (+0.9%). For the week, the index is on track for a 1.7% gain, which would mark the second consecutive weekly increase, largely driven by improving geopolitical sentiment.

India Shares Point to 2nd Straight Weekly Gains

The Shanghai Composite rose 0.2% to around 3,355 while the Shenzhen Component gained 0.8% to 10,430 on Friday, with mainland stocks hitting multi-month highs after President Donald Trump announced that the US and China signed a trade deal, without providing any details. Further boosting sentiment, the White House downplayed the urgency of upcoming tariff deadlines, suggesting they are not critical and could be extended. On the domestic front, data showed industrial profits in China fell 9.1% year-on-year in May, the sharpest drop in seven months, underscoring persistent economic headwinds. Investors are now looking ahead to the July Politburo meeting for potential signs of stronger stimulus measures. Among notable gainers were East Money (up 1.8%), Tianfeng Securities (9.4%), Shenzhen Forms (4.6%), Hengbao Co (9.8%), and Hundsun Technologies (2.8%).

China Stocks Gain on Trade Optimism

Hong Kong stocks edged up 25 points or 0.1% to 24,348 in early trade Friday, following losses in the previous session, mainly supported by gains in consumer stocks. An overnight rally on Wall Street lifted sentiment after the S&P 500 closed to a near record. The White House’s efforts to downplay looming July tariff deadlines also helped soothe investor nerves. However, upside momentum was capped by caution ahead of the release of the U.S. PCE index, the Fed’s preferred inflation measure, due later in the day. Meanwhile, fresh data showed a slight annual drop in China’s industrial profits during the first five months of 2025, reflecting deflation risks and external trade challenges. Among early movers were Xiaomi Corp. (up 5.9%), JD Logistics (3.2%), SMIC (2.4%), and Sunny Optical Tech (2.3%). For the week, the Hang Seng is pacing for a robust gain of around 3.5%, bolstered by reports of a U.S.-China "framework" deal to resume rare earth shipments following the recent trade agreement.

Shares in Hong Kong Set to Finish Week on Upbeat Note

The benchmark KOSPI fell 0.1% to around 3,070 on Friday, extending its losses as large investor sell-offs outweighed global optimism. The main drag came from continued profit-taking by foreign and institutional investors after recent rallies in tech and bio stocks. Despite positive sentiment from Wall Street and easing Middle East tensions, the local market struggled to sustain momentum. On the corporate front, losses were seen for LG Energy Solution (-0.8%) and Hyundai Motor (-0.7%). Conversely, leading gains were from Samsung Electronics (0.5%), SK Hynix (0.3%), and Hanwha Aerospace (4.2%).

South Korea Shares Drop on Large Investor Sales

The S&P/ASX 200 climbed 0.6% to around 8,601 on Friday, hitting its highest level in two weeks, driven by a rally in mining stocks. The index is also poised for its strongest weekly gain since mid-May, following reports that the US and China reached an understanding to accelerate rare earth shipments to the US. The framework agreement, announced by the White House, came out of recent trade talks and includes China resuming rare earth exports in exchange for the US easing countermeasures, though it still awaits final approval from Chinese leadership. Sentiment was further supported by speculation over a potential leadership change at the US Federal Reserve, which reinforced bets of earlier rate cuts. At home, all eyes are on next week’s May retail sales, that offer clues over Australia’s growth outlook. On the corporate front, Chinese export-reliant miners led the charge, up over 3%, such as BHP (3.6%), Fortescue (2.9%), and South32 (2.1%). Gold miner Northern Star also gained 0.8%.

Australian Shares Hit 2-Week High

The Nikkei 225 rose 1.3% to around 40,100 on Friday, while the broader Topix Index advanced 1.1% to 2,835, as Japanese equities rallied to multi-month highs following a strong session on Wall Street. Market sentiment improved after the White House downplayed the urgency of upcoming tariff deadlines, easing investor concerns over a prolonged trade war. Spokesperson Karoline Leavitt indicated the deadlines were flexible and could be extended. Meanwhile, investors weighed fresh data showing Tokyo’s core inflation slowed in June but remained well above the Bank of Japan’s 2% target, sustaining expectations for further rate hikes. Gains were led by major index constituents, including Disco (up 5.9%), Tokyo Electron (4.6%), Mitsubishi Heavy Industries (2.1%), Kawasaki Heavy Industries (6.2%), and SoftBank Group (1.5%).

Japanese Shares Track Wall Street Higher

US stock futures were little changed on Friday as investors awaited the release of the latest PCE price index report, which is the Federal Reserve’s preferred measure of inflation. The data is expected to shed light on the impact of recent tariffs on consumer prices. On Thursday, the S&P 500 jumped 0.8% to close at a record high, while the Nasdaq Composite rose 0.97%, approaching fresh all-time highs. The Dow also advanced 0.94%, buoyed by easing geopolitical tensions, strong earnings from tech giants, and rising hopes for rate cuts. Adding to the optimism, the White House signaled flexibility on upcoming tariff deadlines, easing fears of an extended trade conflict. Meanwhile, speculation grew over a potential early replacement of Fed Chair Jerome Powell, following reports that President Donald Trump is considering nominating a successor sooner than expected—a move that could indicate a pivot toward more dovish monetary policy.

US Futures Steady Ahead of PCE Inflation Report

Shares in New Zealand climbed 18 points, or 0.2%, to 12,498 in early deals on Friday, gaining for the second straight session. The NZX 50 tracked an upbeat session on Wall Street overnight amid easing geopolitical tensions and growing speculation of an interest rate cut, as well as a sharp rally in the tech sector. Fresh domestic data also lifted sentiment, after New Zealand’s consumer confidence improved to the highest level in six months, supported by gains across all components. However, traders anticipated the release of Chinese PMI data and New Zealand business confidence figures next week. Gains in materials, energy, and utilities mainly drove the index, with Westpac Banking Corporation gaining 0.5%, Vulcan Steel rising 0.9%, and Meridian Energy climbing 1.8%. However, the index is heading for a 0.5% weekly fall, after gaining in the prior week, amid ongoing worries over geopolitical tensions in the Middle East.

New Zealand Stocks Rise But Point to Weekly Decline

US500 CFD increased to an all-time high of 6152.00 Index Points. Over the past 4 weeks, United States Stock Market Index (US500) gained 3.86%, and in the last 12 months, it increased 12.17%.

US500 CFD hits All-time High

In New York,  the Dow Jones Index gained 404 points or 0.94 percent on Thursday. Gains were led by Nike (3.06%), Goldman Sachs (2.77%) and Caterpillar (2.66%). Biggest losers were Walmart (-1.11%), Merck (-0.99%) and Sherwin-Williams (-0.42%).

The Dow Jones Index Closes 0.94% Higher

The Ibovespa climbed 1% to close at 137,114 on Thursday, outpacing most global peers after Congress voted to rescind the IOF tax increase, removing a major headwind for equities and the real that had prompted central bank interventions in foreign-exchange markets and added to fiscal strain. At the same time, mid-June headline inflation eased to 5.27% year-on-year—below the 5.31% forecast—dimming worries that the central bank would keep its terminal Selic rate of 15% in place longer than expected. Vale jumped 3% on reports of stronger iron ore shipments to China, while Petrobras advanced 0.7% after securing 17.5 million barrels of pre-salt oil at auction. Heavyweights WEG, Rede D'Or, and B3 were among top performers adding between 1.9% and 3.6%, as broad risk-on flows permeated the market.

Ibovespa Rebounds on Thursday

The S&P/TSX Composite Index rose 0.7% to close at 26,752 on Thursday, reaching a new record high driven by a broad resurgence in resource and interest-rate-sensitive sectors amid dovish global monetary cues and firmer commodity prices. Base-metal miners led the advance as Teck Resources and First Quantum each added between 7.9% and 7.5%, respectively after copper prices climbed to three-month highs on US tariff concerns and hopes for Chinese stimulus, while energy names such as Cenovus and Canadian Natural rallied alongside a modest rebound in crude oil. Heavyweight financials also traded strongly, reflecting wider rate-differential expectations. Conversely, technology bellwether Shopify fell 1.3%, tempering the overall market’s gains.

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