Global Markets

NEW YORK, Stocks rallied globally on Friday, Reuters reported.
The Dow Jones Industrial Average rose 0.81%, the S&P 500 gained 0.63% and the Nasdaq Composite added 0.41%.
The pan-European STOXX 600 index rose 0.74% and MSCI’s gauge of stocks across the globe climbed 0.78%.
Britain’s FTSE 100 climbed 0.37% to hit a near 20-month high. The UK blue-chip index has now recovered all ground lost since the coronavirus pandemic began in March last year.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.35%, rising 2.1% for the week in its best weekly performance since late June, while Japan’s Nikkei surged 1.81%, led by tech stocks.
Chinese shares rose more cautiously than elsewhere with blue chips up 0.38% ahead of next week’s growth figures.
U.S. crude recently rose 0.79% to $81.95 per barrel and Brent was at $84.52, up 0.62%, after hitting a high of $85.10.
The dollar, which has been bolstered by bets that the accelerating inflation could prompt the Federal Reserve to raise interest rates sooner than expected, touched a three-year high against the yen. One dollar bought 114.46 yen, the most since late 2018.
Gold prices took a breather on Friday after having their best day in seven months the previous day. Spot gold dropped 1.5% to $1,768.32 an ounce. U.S. gold futures fell 1.37% to $1,772.00 an ounce.

 

Source: Saudi Press Agency

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