The ASX was buoyed by energy companies on Friday as higher commodity prices boosted mining and energy stocks. The benchmark S&P/ASX 200 pared earlier losses to gain 0.23%. New Zealand’s S&P/NZX-50 index closed up 0.77% as Prime Minister Jacinda Ardern announced her resignation from the post.
Asian stocks ended broadly higher on Friday as Japan’s inflation data reaches highest since 1981. The Nikkei 225 gained 0.56%, while the Kospi in South Korea rose 0.63%. Hong Kong’s Hang Seng index added 1.6% in its final hour of trade. In Mainland China’s Shanghai Composite traded 0.76% higher and the Shenzhen Component rose 0.57%.
Major stock market indices in Europe opened higher on Friday. Germany’s DAX rose 0.45%, London’s FTSE 100 increased by 0.56%, while in Paris the CAC 40 added 0.65%. The Euro Stoxx 50 gained 0.51%.
European markets closed the final trading session of the week with modest gains, as stocks attempted to rebound from Thursday’s selloff. The DAX closed up 0.72%. The Euro Stoxx 50 climbed up by 0.63%. The CAC 40 rose 0.63%. London’s FTSE 100 advanced 0.30%.
Stock futures ticked higher early Friday morning. The Dow Jones added 0.12% at 4:21 am ET, while the Nasdaq 100 rose 0.36%, and the S&P 500 gained 0.21% as investors digested public discussions from Federal Reserve policymakers about the path forward on rate hikes.
US stock markets ended the last session of the week with strong gains, as tech companies surged.
The Dow Jones Industrial Average added 1% while the S&P 500 advanced 1.89%. The Nasdaq Composite jumped 2.66%, with help from Netflix and Alphabet.
Oil prices rose on Friday. Brent future for March delivery gained 48 cents, or 0.6%, to $86.64 a barrel by 0113 GMT, while U.S. crude advanced 54 cents to $80.87 per barrel, a 0.7% gain, according to Reuters.
Gold prices held steady on Friday. Spot gold was little changed at $1,930.04 per ounce, as of 0308 GMT and was up 0.5% for the week. U.S. gold futures rose 0.4% to $1,931.50 according to Reuters.
The pound fell against its major counterparts in early European deals on Friday. The pound weakened to 1.2351 against the greenback and 0.8780 against the euro. The pound edged down to 159.01 against the yen, from a 2-day high of 159.97 hit at 12:45 am ET.
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