World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week's slate of top central bank meetings. Asia-Pacific shares maintained their best start to a year overnight with a 9-month high despite ongoing drama in India.
European government bond yields edged higher on Friday as traders looked ahead to the European Central Bank's interest rate decision next week. Germany's 10-year bond yield, the benchmark for the bloc, was up 4 basis points to 2.255%, its highest level in more than two weeks.
Japan's government bond yields rose to their highest levels in more than a week on Friday, as investors braced for an auction for 10-year bonds and as Tokyo's consumer inflation hit a four-decade high. The 10-year JGB yield rose to 0.475%, its highest since the Bank of Japan kept a trading band for the benchmark yield unchanged at the policy meeting on Jan. 18.
World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week's slate of top central bank meetings. Asia-Pacific shares maintained their best start to a year overnight with a 9-month high despite ongoing drama in India.
Gold prices were little changed in early Asian hours on Friday, as traders awaited U.S. inflation data due later in the day to gauge the Federal Reserve's rate-hike stance. FUNDAMENTALS. * Spot gold rose 0.1% to $1,931.95 per ounce, as of 0030 GMT, and was headed for a sixth consecutive weekly gain.
* Canadian dollar strengthens 0.4% against the greenback. * Touches its strongest since Nov. 18 at 1.3304. * Price of U.S. oil settles 1.1% higher. * Canadian bond yields rise across curve. By Fergal Smith.
U.S. Treasury yields rose
on Thursday after data showed resilience in the U.S. economy,
potentially strengthening the case for the Federal Reserve to
maintain its hawkish posture in coming months as ...
* CANADA AUCTION OF C$1.5 BILLION 2055 BOND YIELDS AVERAGE 2.989% * CANADA 2.750% 2055 BOND AUCTION YIELDS LOW 2.980%, HIGH 2.994% Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/
* Canadian dollar strengthens 0.5% against the greenback. * Touches its strongest since Nov. 18 at 1.3304. * Price of U.S. oil rises 2.1% * Canadian bond yields rise across curve.
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