Stock level regain ground after past week
World stocks hit their highest levels in over a week
World stocks hit their highest levels in over a week on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite.
The MSCI All-Country World index .MIWD00000PUS, which tracks shares in 47 countries, was up 0.4 percent on the day by afternoon trade in Europe. It had earlier risen as much as half a percent on the day, touching its highest since September 4.
Led by technology and auto stocks, the pan-European STOXX 600 index was up 0.2 percent, set for its best weekly gains in seven weeks.
Tech stocks .SX8P rose 0.4 percent after Apple gained on Wall Street following Europe’s close on Thursday [.EU]. Wall Street was set to open higher on Friday, futures indicated. NQc1 ESc1 [.N]
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 1.2 percent. Australian shares were up 0.6 percent, Seoul's Kospi .KS11 rose 1.4 percent and Hong Kong's Hang Seng .HSI gained 1 percent. Japan's Nikkei stock index .N225 was 1.2 percent higher.
Chinese shares fell, despite a short-lived bump from data that showed forecast-topping industrial output and retail sales data for August.
Published: by Radio NewsHub