Asian shares failed to latch on to a global record-setting rally on Friday, held back by Chinese property stocks, while the dollar stood tall following a week in which central banks around the world refrained from any hawkish surprises.
U.S. and European shares resumed their rally on Friday as U.S. jobs data surprised on the upside, with the dollar index also hitting a one-year peak on the better than expected October employment data.
U.S. and European equities markets resumed their rally and the dollar index hit a one-year peak on Friday after Labor Department job data rebounded in a reassuring sign for investors who had worried for months about how stocks would fare once the Fed began to rolling back the 2020 pandemic-fueled stimulus.
A share rally that has lifted stocks to record levels in recent days lost momentum on Friday, weighed down by renewed uncertainty over China’s property sector and as markets paused for breath ahead of U.S. jobs data due later in the day. The U.S. dollar gained against sterling, which took a beating after the Bank .
WASHINGTON -World equities markets reached new heights on Friday after a session-long climb, booking a week of solid gains following a strong U.S. jobs report..