Asian equity markets have followed their European counterparts higher in overnight trading, but investor attention is now firmly focused on the US once again.
The MSCI Asia Pacific rose 0.8% to 131.65, and now stands up 1% on the week, as investors continue to digest the Bank of England and European Central Bank's attempts to counter rises in market interest rates.
The MSCI rise was accompanied by a 2.1% rise in Japan's Nikkei 225 to 14,309, with the yen weakening and the US dollar strengthening as investors bank on a strong US jobs report later today.
Yesterday, in a move seen as a response to the back-up in yields observed over the past month after Federal Reserve chairman Ben Bernanke hinted at a slowdown in US quantitative easing, ECB president Mario Draghi (pictured) said eurozone interest rates would remain low for an "extended period".
That forward guidance followed a surprise statement from the Bank of England saying the recent rise in market interest rate expectations was "not warranted".
The UK's FTSE 100 subsequently enjoyed its best day since late 2011, rising 3.1% to close at 6,421. France's Cac 40 rose 2.9% and Germany's DAX moved 2.1% higher after Draghi's comments.
All three indices are anticipated to open higher still this morning, but the main focus of Friday's trading is the US unemployment report due out this afternoon.
The world's largest economy, whose equity markets were closed yesterday for Independence Day, is expected to have added around 160,000 jobs in June.
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