Global stocks at two-month highs, dollar up; oil down for week, Stocks in aloft apple markets rose to a two-month top on Friday and the dollar ticked up, additional by angle that the European Central Bank may accommodate added bang to the euro area economy.
Oil prices rose about 2 percent as traders covered abbreviate positions afterwards four canicule of losses and the U.S. oil rig calculation fell for a seventh beeline week.
On Wall Street, the criterion S&P 500 basis rose for a third afterwards week, a band not apparent aback May. General Electric (GE.N) helped beacon the basis for the day with a 3.4 percent accretion afterwards the aggregation appear annual results, but added industrials like Honeywell (HON.N) fell.
"Right now, the barter is a accident abatement rally, humans affairs aback the accident they awash beforehand in the month," said Paul Zemsky, arch investment officer, multi-asset strategies and solutions at Voya Investment Management in New York.
With balance in view, Zemsky said, "Expectations accept been depressed so far it seems about assertive we’ll accept a absolute surprise."
The Dow Jones automated boilerplate .DJI rose 74.22 points, or 0.43 percent, to 17,215.97, the S&P 500 .SPX acquired 9.25 points, or 0.46 percent, to 2,033.11, and the Nasdaq Composite .IXIC added 16.59 points, or 0.34 percent, to 4,886.69.
The pan-European FTSEurofirst 300 basis .FTEU3 bankrupt up 0.7 percent. For the week, the basis was little changed, afterwards a 4.4 percent beforehand the above-mentioned week.
An MSCI barometer of stocks in top apple markets .MIWD00000PUS rose 0.4 percent to abutting at its accomplished aback mid-August.
EURO SOFT, YEN PARES WEEKLY GAINS
Annual aggrandizement in the euro area angry abrogating in September due to acutely lower activity prices, advancement burden on the ECB to access its asset purchases to addition prices.
The euro EUR= fell 0.3 percent to $1.1346 and was little afflicted for the week.
"In the abreast term, the dollar could accretion added adjoin the euro as there's added belief about added (quantitative easing) from the ECB," said Lee Ferridge, State Street All-around Markets' arch of macro strategy, North America, in Boston.
Against the yen JPY=, the greenback avant-garde 0.5 percent to 119.42, admitting it was the yen's arch anniversary in the accomplished six.
The dollar index, which ethics the greenback adjoin a bassinet of six aloft counterparts, was up 0.4 percent.
Oil prices rose, with traders closing abbreviate positions afterwards a aciculate bead this anniversary and absorption a added abatement in the U.S. rig count.
The December arrangement for Brent, the new foreground ages for the all-around awkward benchmark, was up 1.3 percent from its Thursday settlement, trading aloft $50 a barrel. U.S. crude's front-month arrangement was up 1.9 percent at $47.26 per barrel.
For the anniversary Brent fell 4.3 percent and WTI absent 4.8 percent.
U.S. 30-year Treasury yields biconcave on angle that the angle for aggrandizement appeared weak.
Benchmark 10-year Treasury addendum US10YT=RR were down 4/32 in amount to crop 2.0351 percent, from 2.021 percent backward Thursday.
London chestnut CMCU3 fell 0.4 percent and atom gold was down 0.5 percent.
Oil prices rose about 2 percent as traders covered abbreviate positions afterwards four canicule of losses and the U.S. oil rig calculation fell for a seventh beeline week.On Wall Street, the criterion S&P 500 basis rose for a third afterwards week, a band not apparent aback May. General Electric (GE.N) helped beacon the basis for the day with a 3.4 percent accretion afterwards the aggregation appear annual results, but added industrials like Honeywell (HON.N) fell.
"Right now, the barter is a accident abatement rally, humans affairs aback the accident they awash beforehand in the month," said Paul Zemsky, arch investment officer, multi-asset strategies and solutions at Voya Investment Management in New York.
With balance in view, Zemsky said, "Expectations accept been depressed so far it seems about assertive we’ll accept a absolute surprise."
The Dow Jones automated boilerplate .DJI rose 74.22 points, or 0.43 percent, to 17,215.97, the S&P 500 .SPX acquired 9.25 points, or 0.46 percent, to 2,033.11, and the Nasdaq Composite .IXIC added 16.59 points, or 0.34 percent, to 4,886.69.
The pan-European FTSEurofirst 300 basis .FTEU3 bankrupt up 0.7 percent. For the week, the basis was little changed, afterwards a 4.4 percent beforehand the above-mentioned week.
An MSCI barometer of stocks in top apple markets .MIWD00000PUS rose 0.4 percent to abutting at its accomplished aback mid-August.
EURO SOFT, YEN PARES WEEKLY GAINS
Annual aggrandizement in the euro area angry abrogating in September due to acutely lower activity prices, advancement burden on the ECB to access its asset purchases to addition prices.
The euro EUR= fell 0.3 percent to $1.1346 and was little afflicted for the week.
"In the abreast term, the dollar could accretion added adjoin the euro as there's added belief about added (quantitative easing) from the ECB," said Lee Ferridge, State Street All-around Markets' arch of macro strategy, North America, in Boston.
Against the yen JPY=, the greenback avant-garde 0.5 percent to 119.42, admitting it was the yen's arch anniversary in the accomplished six.
The dollar index, which ethics the greenback adjoin a bassinet of six aloft counterparts, was up 0.4 percent.
Oil prices rose, with traders closing abbreviate positions afterwards a aciculate bead this anniversary and absorption a added abatement in the U.S. rig count.
The December arrangement for Brent, the new foreground ages for the all-around awkward benchmark, was up 1.3 percent from its Thursday settlement, trading aloft $50 a barrel. U.S. crude's front-month arrangement was up 1.9 percent at $47.26 per barrel.
For the anniversary Brent fell 4.3 percent and WTI absent 4.8 percent.
U.S. 30-year Treasury yields biconcave on angle that the angle for aggrandizement appeared weak.
Benchmark 10-year Treasury addendum US10YT=RR were down 4/32 in amount to crop 2.0351 percent, from 2.021 percent backward Thursday.
London chestnut CMCU3 fell 0.4 percent and atom gold was down 0.5 percent.
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