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Global Stocks Falter Amid Series of Economic Data, Mixed Tech Earnings & Inflation Concerns

Olusegun Enujowo

Analyst

Japanese stocks surge 1.5% after Bank of Japan commits to stimulus. JPY tumbles 1.3% due to loose monetary policy from Bank of Japan.

Europe's Stoxx 600 opens flat, US futures retreat after Thursday's rally

US inflation data reinforces expectations of May and June Fed rate hikes. Much focus will be on PCE data today (12:30 UTC+0), the Fed's preferred inflation gauge.

Growth in France and Spain recovers, while the German economy "grows" (or rather shrinks) more slowly than expected

Amazon’s warning about uncertainty on future revenue due to tough economic conditions and disappointing results from Snap and Pinterest dampen mood

Fed and ECB likely to hike rates next week, while Bank of Japan maintains current policy

Markets are awaiting the release of financial reports from oil industry giants Chevron (CVX) and Exxon Mobil (XOM), as investors seek insight into the companies' and sector's performance

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