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Global stocks have been under duress as repercussions of
Britain's possible exit from the European Union and the U.S.
Federal Reserve's warning about the strength of the economy
spooked investors.
However, the murder of a pro-"Remain" British politician led to
the suspension of campaigning for the June 23 referendum.
Wall Street broke its five-day losing streak on Thursday and
analysts said the news could rally sentiment for Britain to
remain in the Union.
Risky assets such as oil were back in favor on Friday, with the
commodity rising more than 1.5 percent, for the first time after
six days. [O/R]
St. Louis Fed President James Bullard cut his economic growth
outlook and called for only one rate hike for as long as
two-and-a-half years.
Investors looking for signs on the strength of the U.S. economy
will parse the Commerce Department's report on housing starts
which is expected to have slipped to 1.15 million in May from
1.17 million in April. The data is scheduled for release at 8:30
a.m. ET (1230 GMT)
Gun maker Smith & Wesson <SWHC.O> jumped 11.7 percent to $24.31
premarket after the company reported better-than-expected
quarterly sales. * Oracle <ORCL.N> rose 1.9 percent to $39.40
after the company reported better-than-expected quarterly
revenue.
(Reporting by Yashaswini Swamynathan in Bengaluru)
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