* Trump says China, U.S. close to a trade deal

* World stocks on track for second week of gains

* U.S. Treasury yields dip (Updates with open of U.S. markets, changes byline, dateline; previous LONDON)

By Chuck Mikolajczak

NEW YORK, April 5 (Reuters) – Global stocks rose on Friday as U.S. labor market data eased worries about an economic slowdown, while optimism that a trade deal between the United States and China was drawing closer also boosted sentiment.

After outsized results on both the upside and downside in the prior two months, data showed U.S. employment growth accelerated from a 17-month low in March, buoyed by milder weather.

U.S. short-term interest-rate futures held on to earlier slight losses after the data, as contracts tied