Indian stock markets remain closed on Friday on account of Dussehra. Benchmark indexes Sensex and the Nifty jumped about 1 percent on Thursday to extend gains for the sixth straight session amid firm global cues and the weekly F&O expiry.
Asian markets pushed higher this morning after China eased curbs on home loans at some of its largest banks amid growing concern about contagion from the debt crisis at China Evergrande Group.
Gold was set for its best week in more than five months as both the dollar index and benchmark U.S. 10-year Treasury yields pulled back from their multi-month highs.
Bitcoin extended a climb on a Bloomberg report that a bitcoin futures exchange-traded fund (ETF) will clear the U.S. Securities and Exchange Commission (SEC).
U.S. stocks rallied overnight as companies including Morgan Stanley, Bank of America and UnitedHealth posted strong earnings results, and a report showed producer prices eased in September to the lowest level this year, helping cool fears of stagflation.
First-time claims for U.S. unemployment benefits dropped below 300,000 for the first time in well over a year, a sign the job market is still improving.
The Dow climbed 1.6 percent to end at its best closing level in over a month, while the S&P 500 and the tech-heavy Nasdaq Composite index both jumped around 1.7 percent.
European stocks hit over two-week high on Thursday as optimism about strong earnings outweighed concerns about inflation and policy tapering by the Federal Reserve.
The pan European Stoxx 600 rose 1.2 percent. The German DAX climbed 1.4 percent, France's CAC 40 index surged 1.3 percent and the U.K.'s FTSE 100 added 0.9 percent.
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