Japan +0.39%. Japan final January services PMI 52.3, a 3 month high (prior 51.1).
China -0.53%. China Caixin Services PMI for January 52.9 (vs. 51.6 expected).
Travel between mainland China and Hong Kong as well as Macao will fully resume on Feb. 6, China’s Hong Kong and Macao Affairs Office of the State Council said in an announcement.
Hong Kong -1.52%. The Hong Kong economy’s private sector returned to growth in January, the S&P Global purchasing manager’s index showed.
The reading came in at 51.2, marking the first print above the 50-mark that separates growth from contraction since August 2022.
Australia +0.62%. Australian housing finance data for December 2022, lower across the board.
Australian January Services PMI (final) 48.6.
Overnight on Wall Street, major stock indexes on Wall Street saw a rally driven by technology stocks. The S&P 500 closed higher Thursday after rising to its best level in five months. The broader market index jumped 1.47%, while the tech-heavy Nasdaq Composite advanced 3.25%.
Meanwhile, the Dow Jones Industrial Average underperformed, falling 39.02 points, or 0.11%.
Jobless claims come in lighter than expected.
Singapore will release its retail sales for the final month of 2022 later in the day.
Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies.
Brent crude futures rose 16 cents, or 0.2%, to $82.33 a barrel at 0110 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to $76.06 a barrel.
Gold prices steadied on Friday after a sharp sell-off in the previous session, as traders digested rate-hike remarks from global central banks, but the metal was set for its first weekly drop in seven amid a strong dollar.
Spot gold edged 0.2% higher to $1,916.31 per ounce by 0233 GMT, after shedding 2% in a sell-off on Thursday that was fueled by a firmer dollar and profit-taking.
U.S. gold futures were little changed at $1,915.80.
Elsewhere, spot silver rose 0.3% to $23.5232 per ounce, while platinum fell 0.1% to $1,020.51.
Palladium ticked up 0.1% to $1,655.60.
U.S. futures lower. Dow Jones -0.01%; S&P 500 -0.59%; Nasdaq -1.58%.