- Asian markets were mixed on Friday ahead of critical US job data and as traders assessed dangers from the omicron virus strain as well as the potential of a faster reduction in Fed stimulus.
- Japan's stock market climbed, while Chinese technology companies fell due to regulatory fears. Didi the ride-hailing behemoth, said it is preparing to delist from the United States and begin work on a Hong Kong share sale in response to Beijing's requests. The stock of developer Kaisa fell after failing to obtain approval for a debt swap, highlighting China's property-sector troubles.
- Equity futures in the United States sank, extending a volatile week of trading. Dip buyers fueled the S&P 500's best month since October, with economically sensitive sectors leading the way.
- Treasury yields fell, retracing some of the gains made in the US on Thursday. Fed officials made the case for removing policy assistance more quickly in the face of high inflation. The dollar surged and crude fluctuated after OPEC+ increased output while leaving room for quick adjustments due to a cloudy outlook.
