Asia is set to get another shot at a market rebound, with equity-index futures signaling gains from Japan to Hong Kong amid signs Europe and Asia will act to thwart further volatility by increasing stimulus and after crude oil rallied.
Nikkei 225 Stock Average futures jumped in Osaka as gains in U.S. and European stocks burnished sentiment, diminishing the appeal of haven assets like the yen. New Zealand and Australia benchmarks opened higher, with Asian stocks poised to end a third week of losses with a day in the green. The euro held near a two-week low after European Central Bank chief Mario Draghi indicated he may bolster support as soon as March. Base metals rose Thursday, while Treasuries resumed their decline.
A private gauge of Japanese manufacturing is due Friday, along with updates on Thai and Malaysian foreign-currency reserves. Taiwan reports on factory output and jobs.