Asian stocks rallied to a seven-week high on Friday, buoyed by gains in U.S. technology firms as pockets of strength in corporate earnings eased some of the anxiety over a slowing global economy.
Stocks
- MSCI’s broadest index of Asia-Pacific shares outside Japan gained more than 1 percent.
- Germany’s DAX gaining 0.6 percent .
- France’s CAC advancing 0.45 percent.
- The Shanghai Composite Index was up 0.9 percent.
- Tech-heavy South Korean shares added 1.4 percent.
- Australian stocks climbed 0.7 percent.
Currencies
- The dollar nudged up 0.15 percent to 109.78 yen and on track to end the week little changed.
- The euro crawled up 0.1 percent to $1.1321.
- The pound was up 0.5 percent at $1.3127
Commodities
- U.S. crude oil futures were up 1.3 percent at $53.83 per barrel after gaining 1 percent on Thursday.
Bonds
- The benchmark 10-year U.S. Treasury note yield was slightly higher at 2.729 percent after dropping to a one-week low as pessimism over global growth supported safe-haven government debt.
Source: Investing.com