Stocks recoup most of week's sell-off as nerves steady. Global shares extended gains on Friday to erase nearly all of their losses from a big sell-off earlier in the week, with investors betting on the U.S. economy avoiding a hard landing as Fed policymakers signalled rate cuts as soon as September.
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Wall Street stock index futures , were about 0.3% firmer, with no major U.S. data expected on Friday as nerves calmed following a volatile week that saw a mass unwinding of currency carry trades in response to the Bank of Japan's surprise rate hike late last month. 

 Global stock markets have experienced a recovery, recouping most of the losses from a significant sell-off earlier in the week. Investors have regained confidence in the U.S. economy, with the Federal Reserve signaling potential rate cuts as early as September. Reassurance from Fed policymakers regarding cooling inflation and better-than-expected U.S. jobless claims data have contributed to the recovery in stocks. The MSCI All Country stock index has shown signs of improvement, recovering much o 

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