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This was in contrast to a week ago when tariff announcements from Trump sent global equities tumbling.
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Eastern Africa’s biggest economy expanded an average 8% in the past decade, even as it suffered a conflict that resulted in 600,000 casualties.
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Strong performance on both sides of the Atlantic, along with gains overnight in Tokyo and elsewhere in Asia, pushed MSCI’s all-country world index within 0.2% of a record closing high.
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Some of the top developments across the globe that came into foray were Lockheed Martin's profit forecast below Street expectations, Netflix's big step into wrestling ring - Raw
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Brokerage firm Nomura expects that due to geopolitical events, countries like India and the Philippines, which heavily rely on oil imports, may face challenges if oil prices surge
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Dow is up less than 0.1 percent at 35,553.19 points on the New York Stock Exchange
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The dollar index rose 0.071% and the euro slid 0.11% to $1.1222, after hitting a fresh 17-month high of $1.1276.
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Investors in Asia and Europe tracked a rally on Wall Street fuelled by the figures, while they are now awaiting the release of key inflation data later Friday and then the Federal Reserve's latest policy decision next week.
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Equities were slammed as the US Federal Reserve, the European Central Bank and the Bank of England aggressively lifted interest rates in a bid to tackle rampant consumer price rises.
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Europe had touched a record high on Monday but its restart was a sea of red as London's FTSE, Frankfurt's DAX and the CAC 40 in Paris all dropped roughly 2%.
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Along with the ECB, an OPEC meeting in Vienna was also at the forefront of investors' minds, with oil prices holding steady as analysts said they did not expect the meeting to result in restrictions on crude oil output.
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Spot gold ticked up 0.2 percent to USD 1,190.81 an ounce by 0042 GMT. The metal had climbed to USD 1,200.60 on Monday, the highest since June 2015.
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Nonfarm payrolls probably increased by 200,000 jobs, just a slight step down from the 211,000 created in November, according to a Reuters survey of economists. The unemployment rate is expected to have held steady at a 7-1/2-year low of 5 percent.
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US stocks have been a standout, with the SandP closing above 2,000 this week for the first time ever. India is the notable out-performer, with both Sensex and Nifty broke fresh life-time records this month.
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The Democrat-controlled U.S. Senate was poised to reject a Republican funding measure that would delay "Obamacare" health reforms. A simple majority vote was scheduled for shortly after 2 p.m. that would strip Republican amendments and send a "clean" funding bill back to the House of Representatives.
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Respondents also showed they expected the U.S. Federal Reserve to stem its asset purchase programme rather than stop it completely, probably in the second half of this year.
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Hans Goetti, Finaport too wonders whether the fundamentals justify this rally. He clearly attributes the current stock market rally seen across global markets, to money printing or the massive quantitative easing by central banks all over.
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Global stock markets surged about 2.0 percent and commodity prices rallied on Wednesday after the US legislators approved a deal halting a round of automatic fiscal tightening that threatened to push the world's largest economy into recession.
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The rate cuts from three major economies on Thursday may have dominated headlines, but it did little to inspire confidence in global stock markets, which fell as investors took the move to mean the world economy remains in trouble.
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Disappointing corporate earnings weighed on global stock markets on Thursday, pushing major indexes lower, while shifting interest rate expectations lifted the dollar and put Britain's pound on edge.
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The rupee eased on Wednesday after touching near-one-month-highs in the previous session as volatile domestic shares provided little support and dollar demand from oil importers further weighed on the local unit.
