Asian markets have opened higher in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed US and European benchmark stock indexes to record highs.
US President Joe Biden's $US2.3 ($A3.0) trillion plan to rebuild America's crumbling infrastructure added to the enthusiasm for risk assets, as did accelerating vaccine rollouts.
The China Financial Futures Exchange CIS 300 Index Futures index was up 1.76 per cent, the Nikkei futures index was up 1.23 per cent and E-Mini S&P 500 futures index was up 1.18 per cent.
Australia, New Zealand, Hong Kong and Singapore were among the Asian countries observing the Good Friday holiday.
The dollar eased off of nearly three-year highs hit in the first quarter, while US crude futures rose more than 4 per cent after the Organization of the Petroleum Exporting Countries and allies agreed to start easing production cuts in May.
US crude oil prices settled up 3.52 per cent at $US61.24 per barrel and Brent was at $US64.73, up 3.17 per cent.
"Investors greeted optimistically President Biden's infrastructure plan," TD Securities wrote in a note to clients.
On Wall Street, the S&P 500 hit another new high as it charged past the 4000 mark after the Institute for Supply Management said its index of US factory activity soared to its highest in more than 37 years in March.
The S&P 500 gained 1.18 per cent to close at 4,019.87 and the Nasdaq Composite rose 1.76 per cent, to 13,480.11. The Dow Jones Industrial Average lagged, up only 0.52 per cent, to 33,153.21.
Earlier, Germany's DAX index scaled a new peak after IHS Markit's Manufacturing Purchasing Managers' Index showed euro zone factories were seeing their fastest pace in growth in the survey's near 24-year history.
Long bond yields fell after the US Labor Department said on Thursday the number of Americans filing new claims for unemployment benefits unexpectedly rose last week.
Continuing a dip that began overnight in Asia, the 10-year Treasury yield was down 7.3 basis points to 1.674 per cent.
Markets were looking ahead to March US nonfarm payroll data on Friday, where more than one bank was expecting a reading above consensus of 647,000. Goldman Sachs estimates 775,000.
The dollar index fell 0.325 per cent, with the euro up 0.01 per cent to $1.1776.
The Japanese yen weakened 0.01 per cent versus the greenback at 110.60 per dollar.