The S&P 500 is climbing toward its first gain since Christmas. The main gauge of Wall Street’s health rose 1.3% Friday and was on track to break a five-day losing streak, its longest since April.

British equities were broadly higher on Thursday, building on their strong gains seen in the last session as markets eyed potential interest rate cuts by the Federal Reserve this year following an easing core inflation reading.

Stocks are set to extend their biggest gain since the November election with jobs and retails sales data in focus.