Australia

Australian shares are set to open higher, after a turbulent week on Wall Street.

ASX futures were up 0.1% or 8 points as of 8:30am on Monday, suggesting a higher open.

U.S. stocks fell to close out a choppy week of trading after the producer price index came in stronger than expected.

DJIA dropped 145 points to 38627, the S&P 500 lost 0.5% to 5005 and the Nasdaq slid 0.8% to 15775.

In commodity markets, Brent crude oil rose 0.7% to US$83.47 a barrel, while gold was up 0.5% to US$2,013.59.

In local bond markets, the yield on Australian 2 Year government bonds was up at 3.86% while the 10 Year yield was also up at 4.19%. US Treasury notes were up, with the 2 Year yield at 4.64% and the 10 Year yield at 4.28%.

The Australian dollar hit 65.30 US cents. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was down at 98.56.

Asia

China markets were closed for the lunar new year holidays.

Hong Kong's Hang Seng Index rose 2.5% to close at 16339.96 as investors adjusted their positions ahead of China's market reopening next week after the Lunar New Year holiday. Most sectors ended in positive territory. Advancers included Longfor Group, which climbed 10%. ENN Energy increased 9.3% and China Resources Mixc Lifestyle Services rose 8.7%. The Hang Seng Properties Index ended 4.0% higher, and the Hang Seng Tech Index gained 3.7%. Elsewhere, shares of biotech company WuXi Biologics rose 12%, recouping losses from earlier in the week that followed news of potential U.S. investigations.

Japan's Nikkei Stock Average rose 0.9% to close at 38487.24, its highest closing year to date. "Japan's stock market is now just 9% from its all-time high and appears overbought in the near term," said Kelly Chia, deputy head of research Asia at Julius Baer. Conglomerates advanced, as Sumitomo Corp. rose 1.9%, Mitsui and Co. was 3.6% higher and Mitsubishi Corp. gained 2.9%. Index heavyweight SoftBank Group saw some profit-taking, closing 2.2% lower. USD/JPY was at 150.20, compared with 150.15 as of Thursday's Tokyo stock-market close. The 10-year JGB yield is up half a basis point at 0.730%.

India's Sensex rose 0.5% to close at 72426.64 amid risk appetite. Market sentiment appeared to broadly overcome post-U.S. inflation jitters to find comfort from lower USD and Treasury yields overnight, said Yeap Jun Rong, market analyst at IG, in an email. Among top performers on the benchmark index, Wipro climbed 4.8%, Mahindra & Mahindra rose 4.0% and Larsen & Toubro was up 2.7%. Meanwhile, Power Grid Corp. of India fell 2.4%, State Bank of India lost 0.9% and Reliance Industries was down 0.7%.

Europe

European shares rose after upbeat Asia trading. The Stoxx Europe 600 gained 0.5%, the DAX advanced 0.7% and the CAC 40 rallied 0.6%. Banks gained after the U.K.'s NatWest, whose shares climbed 5%, reported better-than-expected fourth-quarter results. Markets in Australia, Hong Kong, Japan and South Korea all rose. "Today's data includes the latest U.S. producer price inflation and the preliminary Michigan confidence survey for February," IG analysts write.

The FTSE 100 closed up 1.5% Friday as banking and oil stocks performed well, with NatWest being the session's biggest riser—up 7.1%—after the bank confirmed Paul Thwaite's permanent appointment to the role of chief executive officer and reported its biggest annual profit since 2007. Lloyds Bank closed up 3.9% and was the day's third best-performing stock. Oil stocks also rose as Brent crude gained 0.1% to $83.47 a barrel. "The Brent crude oil price has risen on nine of the past ten trading days as investors mull over the situation in the Middle East amid supply concerns," IG analyst Axel Rudolph writes. Miners also gained, with Antofagasta being the day's second-best performer, closing up 5.7% at 95.50 pence. Airtel Africa was the day's biggest faller, down 3.2%, followed by Vodafone and Entain, down 1.4% and 0.6% respectively.

North America

U.S. stocks fell to close out a choppy week of trading after the producer price index came in stronger than expected.

DJIA dropped 145 points to 38627, the S&P 500 lost 0.5% to 5005 and the Nasdaq slid 0.8% to 15775.

Stocks fell sharply earlier in the week when a hot CPI reading pushed out expectations of Fed rate cuts. Communication services was the worst performing sector and a number of big cap tech leaders, including Apple, Microsoft, Alphabet and Meta fell.

The DJIA edged down 0.1% for the week while the S&P 500 lost 0.4% and the Nasdaq dropped 1.3%.

The 10-year yield rose 0.108 percentage point to 4.294% this week.