Markets in Asia are set to continue in positive territory Friday following the easing of U.S.-Iran tensions, and after U.S. stocks shot to new highs overnight.

Australia’s S&P/ASX 200 rose 0.46% in early trade. Gold miners, however, sold off. The rally in gold prices pulled back following the declining risk of a wider war in the Middle East.

Meanwhile, Australia’s retail sales data for November is set to be released on Friday.

In Japan, futures pointed to a higher open for the Nikkei 225 compared to the index’s last close.

On the earnings front, Japan’s Familymart, the country’s second-largest convenience store chain, is set to report third quarter results on Friday. A day before, retail giant Fast Retailing cut its full-year outlook after worse-than-expected quarterly results, which it pinned on protests in Hong Kong and a boycott by South Korean consumers which hit sales at its Uniqlo retail stores.

Apple suppliers in Asia will also be closely monitored after the tech giant’s shares jumped 2.1% to a record high. That was on the back of news that iPhone sales in China rose more than 18% in December, according to Chinese government data.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, rose 0.12% to 97.417.

The safe-haven Japanese yen traded at 109.48 versus the greenback, pulling back after strengthening earlier in the week.

The Australian dollar was at around $0.6854, continuing its slide through the week.

Oil prices on Thursday slipped to levels near prices before U.S.-Iran tensions shot up. During the morning of Asia hours on Friday, U.S. crude futures was little changed, trading just above the flatline at $59.60 per barrel. Brent crude was down 0.18% to $65.32 per barrel.

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What’s on tap for Friday (all times in HK/SIN):

  • 8:30 a.m.: Australia’s retail sales for November
  • Earnings: Japan’s Familymart