- Asian stocks extended Wall Street's rally after slower-than-expected US inflation fueled bets that the Fed will moderate its aggressive rate-hike path.
- A benchmark index of Asian equities is set to gain for the second week in a row, boosted by a surge in Hong Kong-listed technology stocks. The call by Beijing leaders for more precise and targeted covid control measures boosted Chinese shares.
- Stock futures in the United States fluctuated after the S&P 500 rose 5.5% on Thursday, the best first-day reaction to a cpi report in decades.
- Government bonds rallied in Japan and Australia after Treasury yields fell by 20 to 30 basis points across the US curve on Thursday. Rates traders have almost eliminated the possibility of another three-quarter-point rate increase by the Fed in December.