Asian shares keep steady today’ dollar and oil extend gains

stock market news Asian shares were steady on Friday when not many shares are offered for sale and were on track for a solid advance this week, while oil and the dollar kept gains in the wake of strong US corporate earnings.

The MSCI World index was steady today which hit a record intraday high on Thursday before closing about 0.1% lower. European shares rose to a one-year high on Thursday, lifted by Johnson & Johnson’s USD 30 billion deal to buy Swiss biotech firm Actelion.

The dollar rose 0.2% to 114.9 yen, after Thursday’s 1.1% surge, putting it on track for a 0.3% weekly gain. In commodities, oil acquired gains after posting strong increases on Thursday, driven by the recovery of risk appetite.

U.S. crude edged up 0.1% to USD 53.87 a barrel, after Thursday’s near 2% surge. It is poised for a 2.75% weekly increase. Meantime, Gold decrease on Friday in its fourth straight session of losses, since investors dumped the Gold metal for riskier, higher returning assets.