Published: 10:53, October 24, 2025 | Updated: 14:25, October 24, 2025
Asia shares gain on Friday as oil eases
By Agencies

TOKYO - Asian shares rallied on Friday as Wall Street earnings boosted investor sentiment and oil prices eased.

Intel results after the close in New York beat expectations, adding to a batch of positive US earnings reports. The yen weakened and Japan's Nikkei share gauge jumped as the nation's new prime minister pledged new economic stimulus. Crude futures trimmed a weekly advance and gold was poised to halt a nine-week winning streak.

As the US government shutdown blots out most economic data, the spotlight is on Friday's consumer price figures for signals about next week's policy meeting at the Federal Reserve.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. Japan's Nikkei stock index was up 1.4 percent.

In early European trades, the pan-region Euro Stoxx 50 futures were up 0.21 percent at 5,692, German DAX futures rose 0.21 percent to 24,362 and FTSE futures edged up 0.05 percent to 9,624.

US stock futures, the S&P 500 e-minis , rose 0.22 percent to 6,790.

The US dollar index, which measures the greenback against a basket of currencies, rose 0.1 percent to 99.06. The euro slid 0.1 percent to $1.1603, and the yen declined 0.2 percent to 152.91 per dollar after touching a two-week low of 153.05.

Trump took to social media to say all trade talks with Canada were terminated following what he called a fraudulent advertisement featuring former president Ronald Reagan. The Canadian dollar weakened 0.12 percent versus the greenback to C$1.4 ($0.99) per dollar.

On the US calendar, Friday's core consumer price index print, a key input for Fed policy, is widely expected to hold steady at 3.1 percent. The US Bureau of Labor Statistics said last week it would publish the report despite the government shutdown - now in its 23rd day - to assist the Social Security Administration with its annual cost-of-living adjustment.

A higher-than-expected core reading could cause investors to unwind bets on future cuts by the Fed, according to Skye Masters, the head of markets research at National Australia Bank.

"There is that real expectation that the Fed will cut next week given their uncertainty around what's going on in the labor market," Masters said on a NAB podcast. "The bigger question really is around what they do in December."

In Japan, core consumer prices rose 2.9 percent year-on-year in September, data showed on Friday, staying above the central bank's 2 percent target and keeping alive market expectations of a near-term interest rate hike.

Japan's new Prime Minister Sanae Takaichi pledged on Friday to accelerate a defense spending target by two years, as her government pursues proactive fiscal expansion on strategic priorities.

Intel shares surge in after-hours trading

Intel's shares surged in after-hours trading after the company beat expectations for September-quarter profit.

Next week brings results from five of the so-called "Magnificent Seven" US companies at the center of the artificial intelligence boom, including Apple and Microsoft.

In cryptocurrencies, bitcoin gained 1.6 percent to $111,294.69, and ether rose 3.6 percent to $3,970.64.

Spot gold fell 0.3 percent to $4,112.79 an ounce, on track for its worst week since May.

US crude fell 0.4 percent to $61.55 a barrel, and Brent fell to $65.76 per barrel, down 0.4 percent on the day.