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Asian shares saw a decline on Friday, with Japanese markets stepping back from record highs as investors opted to secure profits. This comes ahead of a pivotal week that includes U.S. President Donald Trump’s tariff deadline and multiple central bank meetings. The dollar strengthened against the yen after recovering from a two-week low, buoyed by positive U.S. economic data.
U.S. stock index futures experienced a slight uptick on Thursday evening, buoyed by record-high closures on Wall Street following strong earnings reports from Alphabet and optimism surrounding potential trade agreements.
Tesla (NASDAQ: TSLA) shares fell more than 5% in U.S. premarket trading on Thursday, after CEO Elon Musk cautioned investors about a potentially challenging period for the electric vehicle giant. The warning comes as the company struggles with softer consumer demand and the looming expiration of key federal tax incentives for EV buyers.
The U.S. dollar edged higher Thursday but remains at low levels, while the euro slipped ahead of the latest policy-setting meeting from the European Central Bank.
Stocks across Asia rose on Thursday, with the Australian dollar reaching an eight-month high, buoyed by optimism surrounding corporate earnings and ongoing trade negotiations.