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US: The Nasdaq and S&P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.

Asia: Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of the Delta variant of the coronavirus across the region heightened worries about the its economic recovery.

India: Domestic benchmark indices claimed fresh all-time highs on Thursday with Sensex touching 54,717 while Nifty 50 claimed 16,349. On the closing bell, Sensex was at 54,492, up 0.23% while NIfty 50 was at 16,294 or up 0.22%.. Market is expected to open on a flattish note and likely to witness sideways move during the day

Economy: The number of Americans filing new claims for unemployment benefits declined further last week, while layoffs dropped to their lowest level in just over 21 years in July as companies held on to workers amid a labor shortage. Initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 385,000 for the week ended July 31. Data for the prior week was revised to show 1,000 fewer applications received than previously reported.

Canada unexpectedly posted a trade surplus of C$3.23 billion ($2.58 billion) in June, the largest in almost 13 years, as exports jumped on higher shipments of oil and autos The U.S. trade deficit surged to a record high in June as efforts by business to rebuild inventories to meet robust consumer spending drew in more imports. The Commerce Department said that the trade gap increased 6.7% to $75.7 billion in June, an all-time high.

Commodities: U.S. crude oil futures were on track for their biggest weekly decline since late October on Friday, with prices coming under pressure as top consumers impose travel restrictions amid the spread of the Delta variant of the coronavirus. Gold prices eased on Friday as the dollar held gains ahead of the much-anticipated U.S. jobs data, while a growing number of Federal Reserve officials signalled the possibility of a soonerthan-expected policy tightening.

Currency: The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant.

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