· U.S. stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp (INTC.O) boosted investor sentiment, sending the S&P500 briefly over the record high close it set three months ago.
The Dow Jones Industrial Average .DJI rose 152.53 points, or 0.57%, to 26,958.06, the S&P 500 .SPX gained 12.26 points, or 0.41%, to 3,022.55 and the Nasdaq Composite .IXIC added 57.32 points, or 0.7%, to8,243.12.
· European stocks ended slightly higher on Friday after a substantial round of corporate earnings, while traders also monitored Brexit developments and tense exchanges between the U.S. and China.
The pan-European Stoxx 600 finished provisionally higher by 0.12%, with retail stocks rising just over 1.1% to lead gains while food and beverages dropped nearly 1.7% as sectors and major bourses pointed in opposite directions.
· Asia Pacific shares rose in the morning, as the U.S. and China appeared close to finalizing a “phase one” trade deal.
Australia’s S&P/ASX 200 was up 0.24%. Major miners gained: Rio Tinto was up 1.21%, Fortescue Metals jumped 1.53%, while BHP Billiton rose 1.19%.
Over in Japan, the Nikkei 225 climbed 0.3%, and South Korea’s Kospi jumped 0.61% in early trade.
Markets in Singapore, India, Malaysia and New Zealand are closed for holidays.
Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.14%.
Reference: CNBC, Reuters
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