Japan -0.12%. Japan preliminary March 2023 Manufacturing PMI 48.6 (prior 47.7).
Japan February CPI headline 3.3% y/y (expected 4.1%), Core 3.1% y/y (expected 3.1%).
Hong Kong -0.52%.
Australia -0.19%. Australia preliminary March PMI: Manufacturing 48.7 (prior 50.5) Services 48.2 (50.7).
Overnight in the U.S., major US stock indices ended higher on Thursday after a volatile trading session. The Dow Jones rose 75.14 points to close at 32,105.25 after falling more than 500 points in the previous session. The S&P 500 advanced 11.75 points to end at 3,948.72, while the Nasdaq climbed 117.44 points to finish at 11,787.40.
Heads up – Europe and the UK switch to daylight saving time this coming weekend.
On Wednesday, stocks dropped after the U.S. central bank announced a quarter-point interest rate hike. Meanwhile, commentary from Fed Chair Jerome Powell became a fodder for significant debate on Wall Street, as investors tried to parse whether the central bank was close to ending its rate increases.
Oil prices fell on Friday, extending the previous day’s losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve or SPR may take several years.
Brent crude futures slid 48 cents, or 0.6%, to $75.43 a barrel by 0039 GMT, while U.S. West Texas Intermediate crude futures dropped 52 cents, or 0.7%, to $69.44 a barrel.
US futures higher. Dow Jones +0.14%; S&P 500 +0.09%; Nasdaq +0.11%.
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