· Stocks surged on Thursday after the U.S. and China agreed to meet next month in Washington to discuss trade.
The Dow Jones Industrial Average jumped 372.68 points, or 1.4% to 26,728.15. The S&P 500 climbed 1.3% to close at 2,976, led by a 2.1% gain in the tech sector, and closed around 1.7% from its record high. The Nasdaq Composite advanced 1.75% to 8,116.83.
· European stocks closed higher on Thursday following confirmation of new U.S.-China trade talks and progress for U.K. lawmakers trying to block a no-deal Brexit.
The pan-European Stoxx 600 was 0.7% higher at the closing bell having earlier hit a one-month high, with autos jumping almost 3% to lead gains on the back of the expected resumption of U.S.-China trade negotiations. Health care was the worst performing sector, shedding 0.76%.
· Asia markets edged up in Friday morning trade as investors await U.S. nonfarm payrolls numbers due later in the day. Investors are also watching developments on the trade front a day after global markets rallied on the back of news that the U.S. and China were returning to the negotiating table next month.
In Japan, the Nikkei 225 gained 0.38% in early trade, while the Topix index added 0.19%. South Korea’s Kospi also rose 0.4%, while the S&P/ASX 200 advanced 0.28%.
Overall, the MSCI Asia ex-Japan index rose 0.17%.
The session in Asia followed strong overnight gains on Wall Street.
Reference: CNBC
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