Japanese real wages decreased for a third consecutive month in March, squeezed by relentless inflation although consumer spending beat expectations, government data showed on Friday.
China’s General Administration of Customs released data on Friday showing a 21% decrease in goods shipped to the U.S. in April compared to the previous year.
The dollar headed for a weekly gain on most major currencies on Friday, after a U.S.-UK trade deal fuelled investor optimism over upcoming U.S.-China talks, while bets of imminent Fed rate cuts receded after the central bank indicated it was in no hurry.
Most Asian stock markets climbed on Friday, led by Japan, as a new U.S.-UK trade deal framework sparked hopes for tariff negotiations with other countries, especially China.
Oil prices were up on Friday, after rising about 3% in the previous session, as trade tensions between top oil consumers U.S. and China showed signs of easing and Britain announced a "breakthrough" trade deal with the United States.
Oil prices rose 1% on Thursday, supported by hopes of a breakthrough in looming trade talks between the United States and China, the world’s two largest oil consumers.
