Asian shares are mostly lower, though Tokyo's benchmark extended its New Year rally, trading well above 35,000 and at its highest level since 1990. U.S. futures were nearly unchanged and oil prices surged. China reported its exports and imports edged higher in December. On Thursday, a U.S. inflation report forced some investors to push back forecasts for when the Federal Reserve will deliver long-sought cuts to interest rates. The S&P 500 fell 0.1% after swinging up and down a few times through the day. The Dow edged up less than 0.1%, and the Nasdaq composite was virtually flat.
