Global stocks held close to record highs while U.S. Treasury yields and the dollar firmed on Thursday as the debate continued over when the Federal Reserve will start to ease stimulus.
European stocks hit new highs on Friday and were on course for a record-breaking run, capping another strong week as investors seize on a dip in U.S. inflation and more forecast-beating corporate earnings.
U.S. oil major Exxon Mobil Corp, along with Chevron Corp, is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.
European stocks were attempting to equal their longest winning streak since 2017 on Thursday, while the dollar and bond yields took a breather after U.S. inflation data cooled talk of a rapid reeling-in of Federal Reserve stimulus.