Asian shares and oil prices climbed on Friday, but more soft U.S. economic data and mixed U.S. earnings sustained worries over global growth at the end of a volatile week that began with a broad sharp sell-off.
European stock markets were seen recovering, with financial spreadbetters predicting London's FTSE 100 .FTSE, Paris's CAC-40.FCHI and Frankfurt's DAX .GDAXI would open as much as 0.3 percent higher. .L.EU
U.S. stock futures were up 0.4 percent to suggest a firm Wall Street open. .N
The MSCI's broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS was up 0.9 percent after falling 0.6 percent the previous session. The index was on track for a weekly loss of 0.5 percent. The materials sector .MIAPJMT00PUS led the gains with a 2.3 percent jump.
Shanghai shares .SSEC were the regional top outperformer, with a 2.1 percent gain, followed by a 1.5 percent rise in Hong Kong shares .HSI, as investors cheered local news reports pointing to increased foreign interest in Chinese shares.
Australian shares .AXJO were up 0.2 percent as mining stocks rebounded on short-covering after a pause in the recent heavy selling in commodities. The Australian dollar edged up 0.2 percent to $1.0324.
"Today it's just a bit of short-covering on those stocks," said City Index market analyst Jonathan Preston about Australian shares. "The miners have really had a tough time on the back of falling commodities."
Oil and gold recovered overnight but remained vulnerable.
Spot gold was up 0.6 percent to $1,398.71, rebounding after falling nearly 3 percent in Asian trade on Thursday and from its lowest in more than two years of $1,321.35, touched on Tuesday.
Brent crude oil rose 0.5 percent to $99.59 a barrel after dipping below $100 to a low of $96.75 on Thursday, its lowest since early July. U.S. crude rose 0.6 percent at $88.23, off a 2013 low of $85.61 hit on Thursday.
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