(Bloomberg) — Global stocks rose with U.S. equity futures on Friday as investors cheered the latest breakthrough in trade negotiations between America and China and the start of stimulus talks in Europe. Treasuries held recent gains.The Stoxx 600 Index climbed as attention turned to negotiations over the European Union’s proposed 750 billion-euro ($840 billion) program to help economies rebound from lockdowns. Wirecard AG shares bucked the trend, continuing their free-fall as the German payments company faced a potential cash crunch.Contracts on the three main U.S. stock gauges advanced on reports that China plans to accelerate purchases of American farm goods to comply with the phase one trade deal following talks in Hawaii.After a brief swoon, equity markets are back to rallying as investors bet that governments will be able to put their economies back on track with enough stimulus at their disposal. U.S. and European benchmarks have clawed back nearly all of last week’s losses spurred by concern over a second wave of coronavirus infections. Still, with uncertainty over how quickly economies can emerge from lockdowns, and a welter of options set to expire later Friday, investors are bracing for potential bouts of volatility. The quarterly event know as quadruple witching usually coincides with a re-balancing of major indexes and can spark some of the busiest trading days of the year.Elsewhere, crude oil advanced past $40 a barrel in New York as trading houses Vitol SA and Trafigura Group said global demand is recovering rapidly from its nadir in April.These are some of the main moves in markets:StocksFutures on the S&P 500 Index gained 0.8% as of 10:27 a.m. London time.The Stoxx Europe 600 Index increased 0.8%.Germany’s DAX Index rose 0.9%.The MSCI Asia Pacific Index climbed 0.3%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The euro gained 0.1% to $1.1216.The Japanese yen was little changed at 106.95 per dollar.The British pound dipped 0.1% to $1.2414.BondsThe yield on 10-year Treasuries gained one basis point to 0.72%.Germany’s 10-year yield decreased one basis point to -0.41%.Britain’s 10-year yield gained two basis points to 0.243%.CommoditiesWest Texas Intermediate crude increased 3% to $40.02 a barrel.Gold strengthened 0.4% to $1,729.10 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
