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US: US stocks surged on robust Nvidia results. Nvidia’s shares rallied 12.9 per cent after the chipmaker forecast a roughly three-fold surge in first quarter revenue on strong demand for its artificial intelligence (AI) chips.

Asia: Asian stocks extended gains Friday, fueled by the global rally in equities that’s seen share markets from the US to Europe and Japan hit all-time highs..

India: Sensex and the broader 50-share NSE scaled new heights on Thursday following a bullish sentiment, which analysts say, was propelled by a seven-month-high manufacturing index and good performance by US tech companies.

Market is expected to open on a positive note and likely to witness sideways move during the day.

Global Economy: China's January new home prices fell for the seventh straight month, official data showed on Friday, even as policymakers stepped up support to restore confidence in the debt-ridden sector. New home prices fell 0.3% month-on-month after dipping 0.4% in December, according to Reuters calculations based on National Bureau of Statistics (NBS) data.

Fed Reserve policymakers should delay interest rate cuts by at least another couple more months to see if a recent uptick in inflation signals stalling progress toward price stability or is just a bump in the road, Fed Governor Christopher Waller said. Core consumer prices rose 0.4% in January from a month earlier, well above the pace consistent with the Fed's 2% annual inflation goal.

The Consumer Financial Protection Bureau (CFPB) said credit card companies' interest on loans was at all-time high, costing customers about $25 billion extra each year. Typically, the int on credit card debt comprises borrowing cost determined by the U.S. Fed Reserve and an additional rate charged by the lender.

Commodities: US Gold prices on Friday were set for their first weekly gain in two, supported by a softer dollar and safe-haven buying, as investors awaited further clues on when the Federal Reserve is likely to begin cutting its interest rates.

Oil prices fell on Friday after a U.S. Fed official said interest rate cuts should be delayed at least two more months.

Currency: The yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth weekly drop on the dollar as investors chased better yields just about everywhere but Japan, wagering rates there would stay near zero for some time.

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