China’s state media quoted the cabinet meeting as saying that Beijing will publish detailed steps for a set of newly-announced policy measures in early September.

China will guide commercial banks to provide medium- and long-term loans for key projects and equipment upgrading.

To prop up the weak property market, China will also support rigid housing demand.

"Local governments should have 'one policy for one city' to make good use of policy tools" and flexibly use the special loans for home delivery.

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EUR/USD has lost its traction and declined below parity in the late American session on Friday. Gazprom announced that gas supplies via the Nord Stream pipeline got fully stopped due to an oil leakage detected during routine maintenance, weighing on the shared currency.

GBP/USD has lost its recovery momentum and declined below 1.1550 during the American session on Friday. The negative shift witnessed in risk sentiment helps the greenback find demand ahead of the weekend, not allowing the pair to stay in positive territory.

Gold has extended its daily rally and advanced beyond $1,710 on Friday. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day at around 3.2% after the August jobs report, weighing on the dollar and fueling XAU/USD's rebound.

Robinhood announced Cardano’s listing on its exchange platform, fueling a bullish sentiment among ADA holders. Two key exchanges added support for Cardano ahead of a milestone event in the Ethereum-killer altcoin. 

LULU stock bounced up 9.8% in Friday's premarket following Lululemon's solid quarterly results released after the close on Thursday. The athleisure retailer reported fiscal Q2 GAAP earnings per share of $2.26 on revenue of $1.87 billion.

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