The U.S. earnings season also unofficially kicked off shortly before markets opened with results from Alcoa.
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“The uptick in both wage growth and the participation rate is good news for the economy,” said Mohamed El-Erian.
On Wednesday, a gauge of U.S. service-sector activity rose to its highest level since October 2015.
Worries about the German lender, whose shares are down around 54% so far this year, rippled across the European banking sector.
Investors appear to be betting that the debate shifted support toward Hillary Clinton
In Europe, banking sector leads losses as Deutsche Bank shares tumble.
Movements in the world’s sovereign bond markets are driving both stocks and currencies at the moment.
Concerns about higher interest rates have preoccupied investors in recent sessions.
Traders have priced in a 15 percent chance of a hike in September and a 45.7 percent chance in December.
Volatility and trading volumes have dropped off sharply, with major indexes locked in a narrow range.