From Bloomberg

• "US futures gained, with the S&P 500 on track for one of its best weeks this year, as easing trade tensions between the US and China buoyed appetite for risky assets and traders bet the Federal Reserve will step in to avoid a recession.

• Contracts on the S&P 500 climbed 0.3%, after the index closed up 4.5% for the week on Thursday as the latest economic data spurred speculation the Fed will cut interest rates twice this year. Europe’s benchmark Stoxx 600 gauge also gained, heading for a fifth weekly advance.

• US equities are back in favor following the de-escalation of trade tensions between the US and China. They’re now trading like last month’s rout never happened, even though uncertainty remains about the effect of tariffs on the US economy and the direction that the global trade war will take in the coming months. 

• “For now, we believe that the path of least resistance is still higher for risky assets,” said Mohit Kumar, chief economist and strategist at Jefferies International. “We would start turning a bit more cautious around June/July when we expect the hard data start weakening.”"