Asian stocks at seven-week top after U.S. techs rise

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

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