MSCI's gauge of stocks across the globe rose 0.8 percent, while European shares climbed 0.5 percent.The U.S. yield curve slumped during the week to levels not seen since Trump's election, and the probability given by markets of the Fed raising rates next month has tumbled to below 60 percent from over 90 percent last week.
USD/CAD is supported at 1.3483 levels and is trading at 1.3514 levels.
A senior White House adviser is a significant person of interest in the investigation of possible ties between Donald Trump's presidential campaign and Russian Federation, the Post reported citing people familiar with the matter.
"While U.S. markets managed to stage a moderate recovery with investors finding good entry points after the heavy sell-off, Asian investors are likely choosing to err on the cautious side, especially with multiple event risks in the week ahead."These events included testimony by former Federal Bureau of Investigation director James Comey at a Senate hearing and an OPEC meeting in Vienna, she added". It was the steepest weekly fall since April 2016, dipping 0.6 per cent yesterday alone.
Trump's political future has led to unease in the markets and strained the greenback, while a resurgent euro has gained more than 2 percent - its best performance since June.
Oil prices posted a second week of gains.
The dollar index, which measures the greenback against six major peers, was down 0.79 per cent at 97.105 in late trading, the lowest level since November 9, 2016, the day the U.S. election results were announced.
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The FTSE 100 shrugged off a strong pound to rise 34 points, or 0.5%, to 7,471, clawing back some of yesterday's losses and on track for its fourth week of gains. The Friday reports out of Washington came after European markets had closed.
The dollar fell 0.3 percent against the yen to 111.14 and had its first weekly drop in five against the Japanese currency.
The US political uncertainty also put a shine on gold.
There was also been worry that any political damage could hamper Trump's chances of getting his promised fiscal stimulus - which has spurred markets higher since November - through Congress.The Dow Jones Industrial Average was up 115.62 points, or 0.56 percent, AT 20,778.64, the S&P 500 gained 17.23 points, or 0.73 percent, to 2,382.95 and the Nasdaq Composite added 42.85 points, or 0.71 percent, to 6,097.98.
U.S. Treasury yields fell on Friday as investors anxious that allegations against U.S. President Donald Trump would disrupt efforts to cut taxes and increase spending.
Benchmark 10-year notes last fell 1/32 in price to yield 2.2346 percent, from 2.233 percent late on Thursday. The yields had fallen to 2.18 percent on Thursday, their lowest since April 19. The US dollar decreased to 0.9732 Swiss franc from 0.9806 Swiss franc, and it fell to 1.3516 Canadian dollars from 1.3616 Canadian dollars. Spot gold added 0.15 percent to $1,248.62 an ounce, set to post a weekly gain of 1.6 percent.
Global benchmark Brent was up 0.7 percent at $52.88, after touching a four-week high earlier in the session. USA benchmark crude oil rose 98 cents to $50.33, the highest close since April 19.
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