Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped US bond yields to rise and lifted the dollar to a third straight week of gains.
Wall Street rose, following gains in Europe, with the S&P financial sector index rising 0.61 percent as recent comments from Fed officials suggested the possibility of a rate increase as early as June.
Information technology was the biggest gainer among the S&P sectors, rising 1.18 percent, on a higher-than-expected profit forecast from chip company Applied Materials, whose shares closed up 13.8 percent.
MSCI's all-country world stock index rose 0.77 percent, and the pan-European FTSEurofirst 300 index of leading regional stocks closed up 1.26 percent to 1,326.45 points.
On Wall Street, the Dow Jones industrial average closed up 65.54 points, or 0.38 percent, to 17,500.94. The S&P 500 gained 12.28 points, or 0.6 percent, to 2,052.32 and the Nasdaq Composite added 57.03 points, or 1.21 percent, to 4,769.56.
For the week, the Dow fell 0.2 percent, the S&P 500 gained 0.3 percent and Nasdaq climbed 1.1 percent.
The dollar traded close to two-month highs after it pushed past USD 1.12 per euro for the first time since March. Sterling gained 1.7 percent for the week as fears abated that Britain would vote to leave the European Union next month, a move referred to as "Brexit."
Benchmark US 10-year notes fell 1/32 in price, pushing their yield up to 1.8454 percent. Earlier yields hit 1.868 percent.
Gold edged lower for the third straight session and notched its biggest weekly slide in nearly two months on growing expectations of a Fed rate hike.
US gold futures for June delivery settled down USD 1.90 at USD 1,252.90.
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