Stocks in Asia climb ahead of jobs data stateside. European and US equity futures edge up. Bonds gain while the greenback weakens against all its G10 peers.

Chinese investors are betting that regulators can push back against wild price swings and engineer a slow and steady rise in share prices. Meantime, Xi Jinping, Vladimir Putin, and Narendra Modi held a gathering in China.

The US will implement a trade agreement with Japan, under which the US will impose a maximum 15% tariff on most of its products, including automobiles and parts.

For all the shocks US Treasuries absorbed in the first months of the year, the market has held up remarkably well, outperforming peers from the UK to Japan that have been pummeled by heightened fiscal concerns. Meanwhile, stocks and bonds rose Thursday in the US after a trio of data reinforced views that the labor market is cooling. Friday's payrolls are expected to cement bets the Federal Reserve will cut rates this month.

DeepSeek is developing an artificial intelligence model with more advanced AI agent features to compete with US rivals such as OpenAI. The model is designed to carry out multi-step actions on a person's behalf with minimal direction from the user and is meant to learn and improve based on its prior actions, according to people familiar with the matter. Meanwhile, OpenAI is planning a new AI-powered jobs platform.