Japan +0.66%. Tokyo area CPI for May, headline 3.2% vs. 3.4% expected. Underlying inflation in Tokyo hit a 40 year high in May.
Japan Services PPI 1.6% (vs. expected 1.4%, prior 1.6%).
Hong Kong market closed.
Australia +0.10%. Australia April Retail Sales 0.0% m/m (expected 0.3%).
Overnight in the U.S., major indices ended mixed on Thursday, as the technology sector rode an AI wave spurred by Nvidia. The final numbers for the major indices showed: Dow industrial average fell -35.27 points or -0.11% at 32764.64; S&P rose 36.04 points or 0.88% at 4151.27 and Nasdaq rose 213.92 points or 1.71% at 12698.08.
Nvidia (NVDA) ended 24% higher after its guidance stunned investors, leading many analysts to believe that the figures signal the start of the AI revolution. This pushed tech stocks higher, with the S&P 500 IT index up 4.5%.
Q1 GDP ticked up 1.3%, compared with the previous estimate of +1.1%, while core PCE inflation rose 5%, compared with the prior estimate of +4.9%. Corporate profits fell 6.8% in Q1.
Weekly jobless claims rose less than expected to 229K, while April pending home sales were unchanged from March.
New Zealand data – May consumer confidence 79.2 (prior 79.3).
European Central Bank’s Lane is speaking on getting to the inflation target today.
US futures lower. Dow Jones -0.07%; S&P 500 -0.14%; Nasdaq -0.09%.