Office-goers on a rainy day in Tokyo. Agence France-Presse
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-US trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters. A downgrade in the crucial monthly report could fuel speculation
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
According to emergency responders, no casualties were recorded.
The NSE Nifty 50 index was up 0.80% at 13,239.05 as of 05:12 GMT, while the S&P BSE Sensex was up 0.80% at 44,993.92. Both indexes hit record highs. The Indian rupee strengthened to 73.72 against the dollar.
Spot gold was little changed at $1,840.75 per ounce by 05:28 GMT. US gold futures were up 0.2% at $1,844.10. Gold has added about 3% so far this week.