Fed speakers are in focus Friday.
Fed Gov. Daniel Tarullo will be on CNBC at 10 a.m. EDT. There are also appearances by Boston Fed President Eric Rosengren, at a Chamber of Commerce breakfast in Massachusetts, and Dallas Fed President Rob Kaplan at 9:30 a.m., at the Mission Capital conference in Austin. Kaplan also speaks in the evening at the Dallas Security Traders Association convention.
Markets have all but ruled out a rate hike for September after Friday's disappointing August jobs report and weak ISM data on manufacturing and services. But Fed speakers are now being watched to see if any push the idea that the Fed could hike soon, an idea raised both by Fed Chair Janet Yellen and Fed Vice Chairman Stanley Fischer before the weak batch of data.
China consumer price inflation for August near one-year low
China's August consumer prices rose at their slowest annual pace since October 2015, Reuters reported Friday, citing official statistics.
Consumer price inflation (CPI) climbed an annual 1.3 percent, slower than the estimated 1.7 percent rise and July's 1.8 percent spike. Producer prices meanwhile slipped 0.8 percent on-year, better than Reuters' forecasted 0.9 percent fall and significantly narrowing from July's 1.7 percent drop. Higher commodity prices were believed to be the catalyst for the monthly improvement.
"The overall picture for China is still quite positive," Hao Zhu, senior emerging markets economist Asia at Commerzbank, told CNBC's "Squawk Box." "Narrowing producer price deflation suggests corporate earnings will be improving in the coming months. While CPI is still soft, it at least gives the government and the central bank more room to ease."
North Korea claims success in fifth nuclear test
The announcement on state media came hours after a seismic event was detected near its nuclear test site. South Korea believes it is the North's biggest-ever test, raising fears it has made significant nuclear advances.
South Korean President Park Geun-hye called it an act of "self-destruction" showing the "maniacal recklessness" of leader Kim Jong-un. The US warned of "serious consequences".
China's foreign ministry said Beijing was resolutely opposed to the test and urged North Korea to avoid further action that would worsen the situation.
Oil pulls back after big jump on U.S. crude stock draw
Oil prices pulled back on profit-taking on Friday after settling more than 4 percent higher a day earlier after government data confirmed a surprisingly huge drawdown in U.S. crude inventories.
NYMEX crude for October delivery CLc1 was down 35 cents at $47.27, after settling up $2.12, or 4.7 percent, on Thursday.
Reference : CNBC, BBC,Reuters
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