Indian shares may open on a positive note Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.

Recouping some of the losses in the previous three sessions, the Japanese stock market is modestly higher on Friday, despite the negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 38,100 level, with gains across most sectors led by index heavyweights and exporter stocks. Technology stocks were the only weak spot.

The Thai stock market on Thursday snapped the two-day slide in which it had stumbled more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,350-point plateau although it's likely to turn lower again on Friday.

The manufacturing sector in China slipped into contraction territory in May, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 49.5.

Total credit to the private sector in Australia was up 0.5 percent on month in April, the Reserve Bank of Australia said on Friday - exceeding expectations for 0.4 percent, which would have been unchanged from the March reading following an upward revision from 0.3 percent.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: OPEC+ meeting could switch oil regime

The commodity market, struggling to maintain its upward momentum, frequently slips into sell-offs. On Thursday, the price of Brent crude oil fell to 83.60 USD per barrel.

Higher Treasury yields contribute to stock indices’ retreat. Euro under pressure as the pound benefits from the election. Gold fails to benefit from risk-off while oil drops ahead of OPEC meeting

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market infected with correction

Gold and silver prices fell Thursday amid inflation concerns. Despite recent declines, analysts foresee their strengthening in the coming year.