Global stock markets held modest gains on Friday. Oil prices recovered from earlier losses due to the supply deficit, while the dollar rose for the biggest weekly gain since February. The MSCI All Country stock index was little changed for the week, but still up 7% for the year. Nasdaq and S&P 500 futures were firm, with Tesla Inc up 1.5% in pre-market trading after raising US prices for some models and the announcement of a new CEO for Twitter by Elon Musk. Concerns over US government finances capped investor appetite for risk.
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Summary
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Dollar lifts on hopes for Fed pause as stocks maintain gains
Description
Global stock markets held modest gains on Friday. Oil prices recovered from earlier losses due to the supply deficit, while the dollar rose for the biggest weekly gain since February.
Author
Susan Jane
Publisher Name
Reuters
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