In European Equity Markets stocks rallied to a week’s high on Friday as Britain and the European Union announced a breakthrough in Brexit negotiations and new global banking regulations appeared kinder to European banks than had been expected. Financials lifted the pan-European Stoxx 600 0.8 percent. The euro zone banking index rose 2.3 percent, its best gains in five months. Germany’s DAX hit a month’s high in intraday trading before closing up 0.8 percent. The financials-heavy Italian index rose 1.4 percent higher, its best day in six weeks. The most dramatic European share moves came again from accounting scandal-hit furniture retailer Steinhoff, which ended down 20.7 percent after Moody’s downgraded it to junk.

In Currency Markets the dollar rose against the euro and yen in choppy trading on Friday after data showed the U.S. economy created more jobs than expected last month, but gains were capped by wages data that analysts said were disappointing. The dollar came off three-week highs after the report, while the euro, although still down on the day, recouped some of those losses. Following the data, the dollar pared gains against the yen but was still higher on the day at 113.35 yen, up 0.2 percent. The euro reduced losses versus the dollar, but still traded weaker at $1.1757, down just 0.1 percent. The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.16 percent to 93.90.

In Commodities Markets  oil prices rose more than 1 percent on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter. Brent crude was up 1.7 percent at $63.25 a barrel, but heading for a weekly slide of just under 1 percent. U.S. West Texas Intermediate crude was at $57.37 a barrel, up 1.2 percent on the day and on track for a 1.7 percent loss on the week. China’s crude oil imports rose to 9.01 million bpd, the second highest on record, data from the General Administration of Customs showed. Spot gold was up 0.1 percent at $1,247.70 an ounce and silver was up 0.3 percent at $15.77 but down nearly 4 percent this week.

In US Equity Markets  stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world’s largest economy in the run up to a near certain interest rate hike next week. The Dow Jones Industrial Average was up 0.25 percent, at 24,272.19, the S&P 500 was up 0.40 percent, at 2,647.5 and the Nasdaq Composite was up 0.68 percent, at 6,858.89.  Technology stocks topped the S&P gainers, while consumer staples were at the bottom. Alexion Pharmaceuticals rose 5.6 percent and was the biggest S&P gainer, after a report said hedge fund Elliott Management wanted the company to take steps to boost its stock price, including by exploring a sale.

In Bond Markets  U.S. Treasury yields were little changed on Friday after seesawing following the release of a U.S. jobs report that showed the economy added 228,000 jobs last month but average hourly earnings failed to meet expectations.  Benchmark 10-year notes were down 1/32 in price to yield 2.38 percent. Yields initially edged down after the jobs report headline hit screens, but retraced that move shortly thereafter as traders unpacked the report. The 2-year note was little changed in price, yielding 1.80 percent.