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.