(Bloomberg) -- Stocks climbed alongside S&P 500 futures on Friday as investors counted down to U.S. jobs data and watched for any further developments ahead of a looming tariff deadline between America and China. Treasuries edged higher.
The Stoxx Europe 600 Index advanced led by retailers and travel companies, and every national gauge was in the green. Contracts on the three main U.S. equity benchmarks also ticked higher on reports China is handling requests for tariff waivers on American soybeans and pork. The dollar held an overnight decline ahead of Friday's employment report.
European bonds were mixed and drifty and the euro was flat as traders digested more bad industrial data from Germany. Shares pushed higher in most major Asian markets including Hong Kong, Shanghai and Sydney. Oil fluctuated as OPEC failed to impress traders with what appeared to be a cosmetic revision to output quotas.
Stock investors have so far clung to optimism despite whipsawing headlines on trade as the U.S. and China work toward a deal before a Dec. 15 deadline for more tariffs. Prospects for an accord could either be helped or hindered by today's jobs report, which will help show whether escalating levies have affected levels of employment.
Political risks are also on the horizon, with the U.S. House of Representatives moving toward a vote to impeach President Donald Trump and less than a week to go before the U.K. general election. In France, labor unions extended a strike until Monday.
Here are some key events coming up this week:
These are some of the main moves in markets:
What's your 2020 vision? Terminal users are invited to join the Markets Live blog's survey.
--With assistance from Cormac Mullen and Eddie van der Walt.
To contact the reporter on this story: Sam Potter in London at email@example.com
To contact the editors responsible for this story: Sam Potter at firstname.lastname@example.org, Yakob Peterseil
For more articles like this, please visit us at bloomberg.com
©2019 Bloomberg L.P.