SYDNEY—Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labor data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally.
Europe is set to extend the rally, with EUROSTOXX 50 futures rising 0.5 percent and FTSE futures up 0.4 percent. S&P 500 futures and Nasdaq futures were mostly flat.
