Markets were mixed on Thursday.
The S&P 500 rose 0.6 percent but the STOXX Europe 600 fell 0.7 percent.
In Asia, the Shanghai Composite rose 0.3 percent but the Nikkei 225 fell 0.4 percent.
Market sentiment was helped by a report showing that US claims for jobless benefits for the week ended 1 August fell to a three-week low of 1.186 million.
“The pressure is coming off just slightly in the labor markets with unemployment claims coming down from recent highs,” said Chris Rupkey, chief financial economist at MUFG.
Still, the COVID-19 pandemic could continue to weigh on the US economy, with University of Washington health experts saying on Thursday that nearly 300,000 Americans could be dead from COVID-19 by 1 December.
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