World stock markets mostly advance before weekend

Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices.

World stock markets mostly advance before weekend

World Bulletin / News Desk

Asian and European stock markets mostly rebounded Friday from a sell-off the previous day, while the dollar and pound extended gains on growing expectations of hikes in US and British interest rates.

But they shifted back into buying mode Friday, with Frankfurt, London and Paris pushing higher ahead of the weekend.

European investor sentiment was also buoyed after eurozone ministers struck a long-delayed deal with Greece on Thursday to unlock badly-needed rescue cash.

Meanwhile, Tokyo was also boosted by a surge in the dollar against the yen.

The greenback has rallied around two percent against the yen from lows touched before the Federal Reserve on Wednesday lifted borrowing costs and indicated further tightening of monetary policy.

The central bank also outlined plans to suck cash out of the financial system by scaling back the bonds on its balance sheet.

Tokyo's Nikkei index closed up 0.6 percent, with the yen weakening after the Bank of Japan refused to alter its accommodative monetary policy.

However, governor Haruhiko Kuroda is facing pressure to provide some guidance on its future plans as the economy improves and concerns grow about a widening gap between US and Japanese rates.

Last Mod: 16 Haziran 2017, 14:27
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