Philippine stocks jumped nearly 5% on
Friday amid last minute buying of blue-chip shares, while most
other Southeast Asian markets closed up as several local
economies are set to re-open after weeks under lockdown.
Markets in Southeast Asia largely ignored global concerns
The number of overnight stays by
tourists in Portugal dropped 98.3% to nearly 71,000 last month
from the previous year, showing the sector's collapse as
lockdowns to contain the spread of the coronavirus grounded
flights and kept visitors away.
European Central Bank Governing
Council member Ignazio Visco said on Friday policy makers had to
head off deflationary risks from the abrupt halt to economic
activity in the coronavirus lockdown as data from Italy showed
prices fell in May.
Denmark's state prosecutor
has dropped its investigation into whether accountant EY
breached anti-money laundering laws in connection with its audit
of Danske Bank, the Danish Business Authority (DBA)
said on Friday.
Federal Reserve Chair Jerome
Powell will speak in a public webcast on Friday, with the
details of the U.S. central bank's coronavirus-era programs
nearly complete and attention turning to the next phase of its
response: a likely restart of large-scale bond-buying and
promises about how long it might continue.