Markets rose on Friday.
The S&P 500 rose 0.5 percent to close at a five-month high.
Elsewhere, the STOXX Europe 600 rose 0.7 percent and the Nikkei 225 rose 0.8 percent.
“You’re seeing smaller cap companies do well, which indicates a risk-on mood on Wall Street,” said Brent Schutte, chief investment strategist at Northwestern Mutual Asset Management.
Investors may also have noted comments from Chinese Premier Li Keqiang expressing optimism that a trade deal between China and the US can be achieved that suits both parties.
Meanwhile, Adam Cole, chief currency strategist at RBC Capital Markets, noted that after a long stretch of ugly readings from Europe and lackluster figures elsewhere, economic surprises over a four-week window have turned slightly positive for the first time since October.
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