(Bloomberg) -- Treasuries rallied and Standard & Poor’s 500 Index futures rose after U.S. payrolls climbed less than forecast in December, easing concerns that stimulus cuts would accelerate. Commodities rebounded from an eight-month low as China’s imports grew.

The 10-year Treasury yield fell six basis points to 2.90 percent at 9:04 a.m. in New York. S&P 500 futures rose 0.3 percent after sliding as much as 0.2 percent. The Stoxx Europe 600 Index added 0.7 percent. The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 of its major peers, lost 0.2 percent. The S&P GSCI Index of 24 commodities rose 0.9 percent as oil jumped 1.5 percent and copper rallied from a three-week low. Gold rose 0.9 percent to $1,240.40 an ounce.

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