The ASX was trading up on Friday on optimism around increased export opportunities for Australian coal. The benchmark S&P/ASX 200 rose 0.65 percent to 7,109.6 points.
Markets in Asia advanced on Friday amid optimism surrounding China’s reopening and expectations of more stimulus to support domestic demand. China’s Shanghai Composite gained 0.08% to close at 3,157.64 and the Shenzhen Component rose 0.32% to 11,367.73. South Korea’s Kospi gained 1.12% to 2,289.97. Japan’s Nikkei 225 rose 0.59% to close at 25,973.85
Major European stock markets opened higher on Friday as investors awaited Eurozone inflation data. Germany’s DAX increased by 0.32% at the opening bell, France’s CAC 40 gained 0.27% while in the UK, the FTSE 100 rose by 0.39%.
Major stock market indices turned to gains in premarket trading on Friday when the December jobs report showed that employment was only slightly stronger and wage gains were less than expected. The Dow Jones Industrial Average rose by 0.66% or 217 points at 8:43 am ET. The Nasdaq 100 went up by 0.52%. The S&P 500 gained 0.60%.
Oil prices edged higher on Friday on hopes of a Chinese demand boost. Brent crude futures rose 56 cents, or 0.71%, to $79.25 a barrel by 1009 GMT. U.S. West Texas Intermediate crude futures were up 60 cents, or 0.81%, at $74.27, according to Reuters.
Gold prices edged higher on Friday. Spot gold was up 0.1% at $1,835 per ounce. Prices gained about 0.6% so far this week. U.S. gold futures were flat at $1,839.70, according to Reuters.
The euro was 0.08% lower against the US dollar, selling for $1.05131 at 8:59 am CET. The sterling declined 0.52% against the greenback, changing hands for 1.18493 at 1:03 pm CET, hitting on its lowest value against the United States dollar since November 22, 2022.
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