- US equity futures rose as a result of positive earnings from Amazon.com Inc. and Apple Inc., as well as expectations of a shallower Federal Reserve monetary tightening, which is also supporting sovereign bonds.
- The Nasdaq 100 contracts gained more than 1% after the US stock market reached a seven-week high on Thursday. Amazon jumped more than 13% in extended trading, while Apple also advanced after revenue surpassed estimates.
- The performance of Asian bourses was more mixed, hampered by a drop in Hong Kong and a hesitant performance in China. Traders were analysing China's top leaders' downbeat economic growth assessment at a key meeting, as well as the lack of new stimulus policies.
- Treasuries pared a rally that had pushed the 10-year yield to its lowest level since April. Bonds rose on Wall Street after data showed the US economy contracted for the second consecutive quarter, bolstering the view that inflation will cool and the Fed will become less aggressive.
- The dollar index held steady, oil topped $97 per barrel, and gold fell. Bitcoin fell back after breaking through the $24,000 barrier.
