Eurostoxx 50 futures traded higher Friday as the contract recovered from last Wednesday’s low of 4216.00. For now, the climb appears to be a correction - price action earlier last week reinforced a bearish theme - support at 4252.00, the May 25 low has been breached. Price has also pierced support at 4233.00, the May 4 low and a key short-term level. Resistance to watch is 4362.00, May 29 high, a break would be bullish. S&P E-minis trend conditions remain bullish and the contract traded higher Friday. Resistance at 4244.00, the Feb 2 high and a medium-term bull trigger, has been cleared. The break reinforces bullish conditions and confirms a resumption of the uptrend that started in October 2022. This opens 4327.50 next, the Aug 16 2022 high. The 50-day EMA, at 4144.35 remains a key support. A break of this average is required to signal a reversal.

• Japan's NIKKEI closed higher by 693.21 pts or +2.2% at 32217.43 and the TOPIX ended 37.09 pts higher or +1.7% at 2219.79.
• Elsewhere, in China the SHANGHAI closed higher by 2.372 pts or +0.07% at 3232.441 and the HANG SENG ended 158.56 pts higher or +0.84% at 19108.5.
• Across Europe, Germany's DAX trades higher by 6.67 pts or +0.04% at 16058.23, FTSE 100 higher by 42.16 pts or +0.55% at 7649.57, CAC 40 down 2.41 pts or -0.03% at 7268.28 and Euro Stoxx 50 down 1.09 pts or -0.03% at 4322.43.
• Dow Jones mini up 32 pts or +0.09% at 33849, S&P 500 mini down 1 pts or -0.02% at 4287, NASDAQ mini down 36.25 pts or -0.25% at 14539.