- COP29 fight looms over climate funds for developing world
- Shanghai stocks soar to extend stimulus rally amid Asia-wide drop
- Australia moves to expand Antarctic marine park
- Tragedy of Madrid street sweeper highlights how heatwaves kill
- Survivors wait for aid as Trump's lies help cloud Helene response
- Fleeing Israeli bombs, Lebanon's displaced met with suspicion
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- 'Invisibility' and quantum computing tipped for physics Nobel
- Musk says he is 'all in' on Trump in US election
- Category 5 Hurricane Milton roars towards storm-battered Florida
- Carpenter bomb stuns Guardians as Tigers level series
- Harris, Trump and Biden mark Oct. 7 attacks as US election looms
- Oil prices extend gains on Mideast tensions, Wall Street falls
- US judge orders Google to open Android to rival app stores
- On attacks anniversary, Israel fights 'sacred' multi-front war
- Nobel scientist uncovered tiny genetic switches with big potential
- Grammy-winning Cissy Houston, mother of Whitney, dies at 91
- UN biodiversity summit in Colombia aims to turn words into action
- Georgia Supreme Court reinstates six-week abortion ban
- 'Dark day': Victims mourned around the globe on Oct. 7 anniversary
- On attacks anniversary, Israel fights multi-front war
- Mexican mayor murdered days after taking office
- Intensifying to Category 5, Hurricane Milton targets Florida
- Mission to probe smashed asteroid launches despite hurricane
- Biden, Harris mark Oct. 7 with call for Mideast peace
- Dupont set for Toulouse return after post-Olympic holiday
- French rugby bosses tighten discipline after nightmare Argentina tour
- Oil prices extend gains on Mideast tensions, Wall Street slips
- Visitors to get rare view of Rome's Trevi Fountain
- Europe's asteroid mission Hera launches despite hurricane
- Man City and Premier League both claim victory in legal case
- Deschamps delight as 'light back on' for Pogba after doping ban
- Biden, Harris urge Mideast peace on Oct. 7 anniversary
- Neeskens, tough midfielder in Cruyff's Ajax and Dutch teams
- UN warns world's water cycle becoming ever more erratic
- Oil prices extend gains on Mideast tensions, Wall Street retreats
- Ex-Dutch football star Johan Neeskens dies
- Man Utd battling to improve fortunes, says Evans
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- Masood, Abdullah centuries lift Pakistan to 328-4 in first England Test
- Hurricane Milton strengthens fast, threatens Mexico, Florida
- Tunisia's President Saied set for landslide election win
- Barca hoping to return to Camp Nou 'by end of year'
- Trump to open second golf course at Scotland resort in summer 2025
- Super-sub Jhon Duran rewarded with new Aston Villa deal
- US duo win Nobel for gene regulation breakthrough
- Masood hits first ton for four years to power Pakistan to 233-1
- Fritz wins delayed match to reach Shanghai Masters third round
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Asian markets rally on US data after Dow hits record on Wall St
Asian markets rose Friday after a record day on Wall Street, boosted by a strong round of US data that reassured investors over the health of the world's top economy, while focus turns to the release of key inflation figures.
With the much-hyped earnings report from bellwether chip titan Nvidia now in the rearview mirror, traders are once again able to concentrate on economic matters and the Federal Reserve's plans for interest rate cuts.
Thursday did not disappoint, with figures showing gross domestic product expanded more than initially thought in the second quarter, while jobless claims dipped.
The news indicated the central bank was achieving its goal of guiding the economy to a soft landing at the same time as it brings prices under control.
Next up is the Fed's preferred gauge of inflation later Friday, followed by the closely watched non-farm payrolls report a week later, which will play a major role in whether the Fed cuts borrowing costs next month and, if so, by how much.
While bank chief Jerome Powell said last week that it was time to begin lowering rates, some decision-makers remain cautious.
Luca Santos at ACY Securities pointed out that after Powell's speech, Atlanta Fed boss Raphael Bostic "hinted at a cautious stance regarding a rate cut in September, stressing the need for more data to avoid making a move that could lead to more rate hikes down the line".
"His comments underscore how pivotal the upcoming jobs report will be in determining the Fed's next steps," he added.
US markets ended on a mixed note, with the Nasdaq and S&P 500 weighed by a 6.4 percent drop in Nvidia after it released what was considered a disappointing earnings report.
However, the Dow bucked the trend and ended a fresh record high.
Asia was on course to end the week on a bright note, with tech firms that took a hit Thursday as part of an Nvidia-fuelled retreat clawing back some of their losses.
Hong Kong climbed more than one percent, while there were also healthy gains in Tokyo, Shanghai, Sydney, Seoul, Singapore, Taipei, Wellington and Manila.
The yen edged up against the dollar after data showed inflation in Tokyo, a leading indicator for the rest of the country, rose more than expected in August, boosting the case for the Bank of Japan to hike interest rates again.
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: UP 0.6 percent at 38,585.43 (break)
Hong Kong - Hang Seng Index: UP 1.1 percent at 17,985.30
Shanghai - Composite: UP 0.4 percent at 2,833.14
Dollar/yen: DOWN at 144.80 yen from 144.93 yen on Thursday
Euro/dollar: DOWN at $1.1074 from $1.1077
Pound/dollar: DOWN at $1.3168 from $1.3170
Euro/pound: UP at 84.12 pence from 84.11 pence
West Texas Intermediate: UP 0.2 percent at $76.03 per barrel
Brent North Sea Crude: UP 0.1 percent at $79.99 per barrel
New York - Dow: UP 0.6 percent at 41,335.05 (close)
London - FTSE 100: UP 0.4 percent at 8,379.64 (close)
C.Garcia--AMWN