Premarket: Global stocks set for best week in a year, focus turns to U.S. jobs

Global stocks were on track for their biggest weekly rise in a year on Friday as investors cheered a pause in U.S.Trading on Friday was relatively subdued, however, as investors awaited key U.S. employment data later in the day.

The rally in stocks came as bond yields tumbled after the Fed left interest rates steady for a second meeting running on Wednesday and the Bank of England followed suit on Thursday. “Once the market can become convinced that all these central banks are on hold..., that can encourage bond yields to move lower.”

U.S. S&P 500 stock index futures were 0.2% lower on Friday, pointing to a slight fall at the open after the index jumped 1.9% the previous day. Goldman Sachs chief economist Jan Hatzius wrote in a note to clients that the bank expects payrolls rose by 195,000, despite a 30,000-job drag from the autoworker strikes.

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