Global stocks rose on Friday as US labour market data eased concerns about an economic slowdown, while optimism that a trade deal between the US and China was drawing closer also lifted sentiment.
The world stocks rose to a fresh six-month high while the S&P 500 was on pace for a seventh straight day of gains. The S&P 500 gained 11.47 points, or 0.40 per cent, to 2,890.86.
The Dow Jones Industrial Average rose 28.55 points, or 0.11 per cent, to 26,413.18, and the Nasdaq Composite added 42.96 points, or 0.54 per cent, to 7,934.74, reports Reuters.
The pan-European STOXX 600 index rose 0.09 per cent, notching its best weekly performance in three weeks, and MSCI’s gauge of stocks across the globe gained 0.29 per cent and was poised for a second straight weekly gain.
Better-than-expected data out of Germany, along with the US jobs report, and a possibly delayed British departure from the European Union also helped boost risk appetite for European shares.
US Treasury yields dipped, with the yield curve US2US10-TWEB flattening, as investors who took a gloomier view of the March US payrolls report stepped into the market, buying longer-dated Treasuries.
Benchmark 10-year notes last rose 1/32 in price to yield 2.5061 per cent, from 2.51 per cent late on Thursday.
In currencies, the dollar moved slowly higher, on track for a third straight week of gains against a basket of major currencies. The dollar index rose 0.1 per cent, with the euro down 0.07 per cent to $1.1212.
