Global stocks rose to their highest; Progress toward Sino-US

Global stocks rose to their highest in more than a month on Friday after a report suggested progress toward resolving the trade dispute between the United States and China.

Stocks

  • MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.55 percent. The index has gained 1.3 percent this week.
  • (SXAP) rising 1.3 percent.
  • Germany’s exporter-heavy DAX (GDAXI) up 0.7 percent.
  • Australian stocks (AXJO) rose 0.5 percent.
  • South Korea’s KOSPI (KS11).
  • Japan’s Nikkei (N225) gained more than 1 percent.
  • STOXX 600 (STOXX) index up nearly 1 percent.

Currencies

  • The U.S. dollar was otherwise mixed, easing a touch on the yen to 108.98.
  • The euro rose to $1.1398 (EUR=).
  • The pound was 0.3 percent lower at $1.2950.

Commodities

  • Palladium was 1.5 percent higher at $1,417.00 an ounce after rising to an all-time high of $1,434.50 overnight.
  • U.S. crude oil futures extended Thursday’s gains, adding 0.8 percent to $52.49 per barrel.
  • Brent crude was up 0.6 percent at $61.56 per barrel.
  • Spot gold was down 0.3 percent at $1,299.06 an ounce,

Bonds

  • The 10-year Treasury yield stood at 2.766 percent.

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