SYDNEY: Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour 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% and FTSE futures up 0.4%. S&P 500 futures and Nasdaq futures were mostly flat. Tracking overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan rebounded 0.

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