President Trump said on Iran he believes progress is going very well.

French energy ministry said it has sold 3.6 mln barrels of diesel from strategic reserves to date.

Before Friday’s October US jobs report, bond traders positioned for further gains in US Treasuries as expectations of additional Fed hikes cooled. A post-midterm global equity sell-off drove safe-haven flows this week; the 10-year Treasury yield fell to its lowest since early September and was 4.82% on Friday amid intensified equity weakness. The rally has bolstered bets on continued yield declines: option trades target a 10-year yield of 4.7% by next weekend, and another expiring Nov. 20 targets roughly 4.35%. TD Securities US rates strategist Gennadiy Goldberg said he expects Friday’s data to be slightly weak but that markets remain focused on fundamentals, describing the US economy as still fairly strong and the labor market as showing "low hiring, low layoffs," and noting markets have sharply pared rate-hike expectations in recent weeks.