Societe Generale in its early Friday economic news summary pointed out:

-- US dollar off highs, Latin America rebounds in emerging markets. United States Treasury 10-year probes 200dma support at 4.17%. Moody's likely to revise down France's rating outlook to negative after market closure. 10-year UST/Bund narrows to 191bps.

-- Japan: Tokyo's consumer price index eases to 1.8% year over year in October from 2.1%, core inches up to 1.8% from 1.6%. Lower House elections on Sunday: LDP/Komeito currently hold 284 seats in the 465-seat Diet with a majority of 51, defeat could bring a premature end to Prime Minsiter Ishiba's term.

-- Day ahead: German Ifo survey. European Central Bank's Villeroy. ECB one- and three-year CPI expectations. US durable goods orders. Federal Reserve speaker Collins.

-- China: The central bank leaves the one-year MLF rate steady at 2.0%, CNY700 billion liquidity injections exceeds the consensus forecast of CNY600 billion.

-- Nikkei -0.6%, EUR 10-year IRS unchanged at 2.40%, Brent crude +0.2% at $74.5/barrel, Gold -0.4% at $2,726/oz.