COMEX copper futures rebounded by over 1% in early Asia on Friday as dollar index retreated following a softer than expected jobs data that scaled back expectations for Federal rate hikes. The US economy added just 57,000 jobs in June, the fewest in four months and well below forecasts of 110,000, while the unemployment rate stood at 4.2%. The dollar index held below 101 and is on track to end the week lower. Meanwhile, in overnight equities, the Dow jumped 594.83 points or 1.14 percent to finish at 52,900.07, while the NASDAQ tumbled 207.36 points or 0.80 percent to end at 25,832.67 and the S&P 500 perked 0.01 point or 0.00 percent to close at 7,483.24. Currently, the red metal is up 1.30% at $6.25 per pound.

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