Global stock indexes have rebounded impressively, nearing record highs by just 0.5%, fueled by positive signals from the U.S. labor market and declining interest rates in Europe. The recent uncertainty on Wall Street seems to have dissipated, as evidenced by the S&P's robust surge on Thursday, marking its highest close since April 1. This unexpected rise was spurred by a notable increase in weekly jobless claims, reigniting expectations for Federal Reserve intervention. Futures markets have eagerly mirrored these gains, setting the stage for continued positivity ahead of Friday's trading session. Market volatility has notably receded, with the VIX fear index closing at its lowest level since January.

Asia Pacific Markets
Asian markets have mirrored the global trend, with Hong Kong's Hang Seng index soaring over 2% to reach its highest level in nine months, now boasting year-to-date gains surpassing those of the S&P500.
The Japanese yen has maintained a stable position against the dollar amidst recent market turbulence, while the Australian dollar hovers around the resistance zone near the $0.6630 mark.

European Markets
Thursday's announcement from the Bank of England signaling a potential shift towards a rate cut, aligning with the European Central Bank's stance, provided further upliftment to global markets. Switzerland and Sweden have already witnessed rate cuts earlier this year.
Notably, the euro and sterling have remained resilient despite diverging from the Federal Reserve's trajectory, a positive indication for both the ECB and BoE.

American Markets
Thursday saw a surge in Wall Street's performance following encouraging weekly jobless claims data, raising hopes for future interest rate cuts. Investors are now eagerly awaiting the critical U.S. consumer price inflation report scheduled for next week.
Several key events are on the agenda for Friday, including the release of European Central Bank meeting minutes, the University of Michigan April household survey, U.S. April Federal Budget data, Canada's April employment report, and speeches from various Federal Reserve officials, all of which may provide further direction for U.S. markets.