That all served as fuel for a surge in Asian markets, with the MSCI Asia ex-Japan share index set for its best day since January, while the Nikkei continued its hot run, setting the stage for an exuberant Friday for European markets.
The pan-European STOXX 600 index, which has been languishing near two-month lows, should get a lift.
The U.S. Labor Department’s closely watched unemployment report for May is due later on Friday, with the data helping to determine whether the central bank sticks to its aggressive monetary policy.
In the corporate world, Goldman Sachs plans to cut more jobs, the bank’s president said, as a difficult economic environment weighs on dealmaking. In January, it let go about 3,200 employees, its biggest head count reduction since the 2008 financial crisis.
At Twitter, the head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism for lax protections against harmful content.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7EXOOJV72ZL5LNTBQF2OHV5ZLE.jpg "Markets feel Friday cheer as signs point to Fed pause 38")
