Global shares traded higher on Friday following a rally on Wall Street that brought the S&P 500 close to its record high. In London, the FTSE 100 rose as the British economy showed strong growth, ending what economists called a “technical recession.” France’s CAC 40 and Germany’s DAX also saw gains in early trading.
In Asia, Japan’s Nikkei 225 and Australia’s S&P/ASX 200 both rose, while South Korea’s Kospi and Hong Kong’s Hang Seng also saw gains. Chinese price data expected on Saturday will provide insight into the country’s economic momentum.
On Thursday, the S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw gains. Federal Reserve Chair Jerome Powell’s comments on interest rates and a cooler-than-expected jobs report have provided some stability to the U.S. economy.
In the energy market, benchmark U.S. crude and Brent crude both saw gains in trading. The U.S. dollar also rose against the Japanese yen and the euro.
Overall, global markets are showing signs of strength and stability, with investors keeping a close eye on economic data and central bank policies.
