Global stocks extended winning streak on Friday, putting the markets on track for their longest weekly winning streak since 1999.
The markets mostly gained, while Intel’s results boosted stocks on Wall Street and the US dollar remained weak after an official’s recent comments, reports Reuters.
The MSCI world equity index, which tracks shares in 47 countries, was on track for its 10th week of gains, and the Dow and S&P 500 hit record highs.
The US dollar remained weak against a basket of major currencies. The dollar was down 0.44 per cent at 89.002, and on track for its worst weekly performance since May.
The Dow Jones Industrial Average rose 77.92 points, or 0.3 per cent, to 26,470.71, the S&P 500 gained 13.42 points, or 0.47 per cent, to 2,852.67 and the Nasdaq Composite added 42.01 points, or 0.57 per cent, to 7,453.17.
The pan-European FTSEurofirst 300 index rose 0.54 per cent and MSCI’s gauge of stocks across the globe gained 0.29 per cent.
A 10th week of gains for the MSCI world index would be its longest winning streak since 1999.
Benchmark 10-year notes last fell 14/32 in price to yield 2.6711 per cent, from 2.621 per cent late on Thursday.
In the energy market, US crude rose 0.89 per cent to $66.09 per barrel and Brent was last at $70.47, up 0.07 per cent on the day.
