By Pete Schroeder
Oct 30 (Reuters) - Asian markets looked to continue an upward swing on Friday, after a rebound in U.S. equities and strong corporate earnings set the stage.
Australia's ASX 200 .AXJO climbed 0.14% in early trading, while Hong Kong's Hang Seng index futures .HSI .HSIc1 were up 0.26%.
Japan's Nikkei 225 futures NKc1 were down 0.24% and down 0.31% from the underlying index's .N225 close on Wednesday.
MSCI's gauge of stocks across the globe .MIWD00000PUS was up 0.44%.
Record numbers of coronavirus cases worldwide and the Nov. 3 U.S. presidential election remained the major factors looming ahead for investors. On Wednesday, global coronavirus cases rose by over 500,000 for the first time as France and Germany prepped fresh lockdowns. in the short-term, a diet of strong quarterly reports from tech giants set the stage for an upswing at the Asia open. Google parent Alphabet GOOGL.O , Amazon.com Inc AMZN.O , Apple Inc AAPL.O and Facebook Inc FB.O all beat analyst estimates for quarterly revenue, with Amazon reporting a second straight quarter of record profits. stocks enjoyed a rebound Thursday after a significant selloff the day prior. They were boosted by a stronger-than-expected report on U.S. economic growth in the third-quarter, which found record expansion but lingering scars from the pandemic. with the rebound, US output remains 3.5% below its pre-COVID levels. The path towards recovery is much less clear from here, especially as the number of virus cases grows and there are near-term impediments to a fiscal deal," wrote ANZ analysts in a note.
The Dow Jones Industrial Average .DJI closed up 0.52%. The S&P 500 .SPX gained 1.19% and the Nasdaq Composite .IXIC added 1.64%. European Central Bank committed to further action in December to further lend economic support as European nations grappled with a renewed coronavirus outbreak. The announcement sent the euro sliding to a four-week low against the U.S. dollar. continued a downward slide, falling by more than 4% Thursday and hitting a five-month law, as renewed pandemic concerns weighed heavily on demand expectations.
December Brent crude LCOc1 futures were down $1.66, or 4.2%, and U.S. West Texas Intermediate (WTI) crude CLc1 futures were $1.50, or 4%, lower. prices hit a one-month low Thursday, pushed down by a stronger dollar. U.S. gold futures GCcv1 settled down 0.6% to $1,868. 10-year note US10YT=RR last fell 16/32 in price to yield 0.8331%, from 0.781% late on Wednesday.
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