The dovish waves from Fed Chair Jerome Powell's press conference on Wednesday continue to wash over world markets, putting Asian stocks on the cusp of a second straight weekly gain and highs not seen in well over a year.
Perhaps the most important news for world markets on Friday, apart from the U.S. employment figures for April, will come from Tbilisi, where the Asian Development Bank is hosting its 57th annual meeting. Estimates suggest Tokyo spent just under $60 billion in the two yen-buying forays, around the same amount used in the three interventions over September and October 2022, the last time authorities waded into the market.
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
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