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Meanwhile, US futures faced a downturn due to Apple Inc (NASDAQ:AAPL).’s reported fourth quarterly revenue decline, struggling with a slow Mac market and unstable demand in China. Upcoming services industry data for China, expected through China Caixin services PMI, is forecasted to reveal further growth. Retail sales data for Australia and Singapore, along with purchasing manager index data for India, are also due.
Long-dated Treasury yields dropped on Thursday, with the 10-year benchmark falling close to eight basis points. Australian and New Zealand yields echoed this decrease early Friday.
In the labor market, jobless claims in the US rose for a sixth consecutive week, underscoring the importance of Friday’s payroll figures. Other key data due include Eurozone unemployment, Canada employment report, and nonfarm payrolls figures.
In the commodities market, oil prices represented by West Texas Intermediate crude climbed higher in early Friday trading after rallying on Thursday. In contrast, cryptocurrency market movements showed Bitcoin and Ether experiencing minor declines.
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