Global shares rose on Thursday after the release of the Fed's minutes, which showed that Fed's officials are reluctant to hike rates this year due to global turbulences. As of 04:51 GMT on Friday, Japanese Nikkei is up 253 points, or 1.40%, with other Asian shares on a similar path.   

U.S. indexes ended on a higher note on Thursday, led by rallying oil. S&P ended up 0.88%, the Dow Jones was up 0.82%, NASDAQ was up 0.41%.

Crude oil kept rising in Asian trading on Friday, with Brent up half a dollar to $53.82, after surging more than 3% yesterday. U.S. oil is up 70 cents, after rising 160 cents yesterday.

The Dollar collapsed against most major currencies yesterday after the release of the minutes, it kept falling on Friday. Against Sterling it fell for the fourth session in a row, trading at 1.5368. Against Euro, it fell for the second day to 1.1283. The dollar was particularly hammered against commodity currencies, Canadian and Australian dollars. Against the Aussie, it fell for the eighth session in a row to a six-week low, trading at 0.7283. Against the loonie, it resumed its fall after slightly recovering on Wednesday, it traded at 1.2965.

Safe haven Yen fell on Friday, as brisk investors dump it in favor of riskier and more rewarding assets, Against Sterling, it fell for the sixth session in a row to 184.41. Against the Euro it fell to 135.38. Against the dollar it gave ground, trading at 119.99.

Investors will be looking at some important economic reports coming out today, most notably, the French industrial production report for August, forecast to have grown 0.6% month-on-month after falling 0.8% in July.

Also from the Eurozone, the Italian industrial production report is coming out, forecast to have fallen 0.3% in August, after rising 1.1% in July.

From Britain, the trade balance report for August is coming out, offering some insights about the state of British exports and manufacturing. It's forecast to have a general deficit of 10.0B, as opposed to a larger deficit of 11.1B in July. Also from U.K., the construction output report for August is slated for today, important for measuring the health of housing industry, it's forecast to have grown 1.0% m\m, after falling 1.0% in July.

From Canada, two all important reports are coming out, the first is measuring unemployment rate, forecast to have fallen 0.1% to 6.9% on September. The other similar report is measuring employment change, the change in the number of employed people during the previous month. It's forecast to have grown 10.5K, after growing a bigger 12.0K in August.