* South African rand extends losses after smaller rate hike. * Turkey's c.bank sticks to forecast for inflation plunge. * Adani Group fallout drags Indian shares to 3-month low. * EM stocks, FX muted but both on track for weekly gains. By Bansari Mayur Kamdar.
The Russian rouble steadied above 69 to the dollar on Friday, buffeted by geopolitical tension as the United States piled more sanctions on Russia but retaining support from a favourable month-end tax period. At 0734 GMT, the rouble was 0.1% weaker against the dollar at 69.33 and had gained 0.1% to trade at 75.35 versus the euro.
A look at the day ahead in Asian markets from Jamie McGeever. Investors are already feeling positive about China's economic re-emergence from nearly three years of COVID-19 restrictions, pouring record sums into emerging market debt and equity funds, according to Bank of America.
* U.S. economic growth beats expectations. * Solid GDP data offsets signs of economic weakness. * Oil prices firm on China demand optimism. By Herbert Lash and Huw Jones.
* U.S. economic growth beats expectations. * Wall Street climbs on soft landing hopes. * Oil prices firm on China demand optimism. By Herbert Lash and Huw Jones. A gauge of global stock performance rose and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with slowing inflation, suggesting the Federal Reserve can engineer a soft landing.
Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed corporate earnings, all while eyeing the clock as it ticks down toward next week's Federal Reserve monetary policy meeting.
Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed corporate earnings, all while eyeing the clock as it ticks down toward next week's Federal Reserve monetary policy meeting.
Futures for Canada's resources-heavy main stock index were subdued on Thursday as gold prices edged lower, while investors awaited data on the U.S. economy due later in the day for clues on the Federal Reserve's interest rate hike plans. Futures on the S&P/TSX index were up 0.1% at 7:10 a.m. ET, after the benchmark Canadian index closed lower for a second straight session on Wednesday.
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