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Global Markets: World stocks set for 10th straight week of gains, euro jumps [Reuters]

SUMITOMO MITSUI FINANCIAL (SMFG)  More Company Research Source: Reuters
PDF Asia stocks rise for 11th straight session, Trump helps dollar bounce | Reuters 4 Min Read TOKYO (Reuters) - Asian stocks extended their winning run to the 11th day on Friday, while the battered dollar won back some ground after President Donald Trump said he wanted a strong U.S. currency. European shares are expected to open higher, with spread-betters foreseeing a 0.3 percent gain in Germany’s DAX and France’s Cac and a 0.4 percent rise in Britain’s FTSE. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.25 percent for the day, led by gains in Chinese financial and property shares. It headed for its 11th straight day of gains, the longest sequence since 2015, and also for seventh straight week of gains for the first time since 2010. Japan’s Nikkei ended down 0.2 percent. World equity markets have rallied over the past year, buoyed by a synchronised uptick in global economic growth in a boon to corporate profits and stock valuations. Australian markets were closed for [Read more]

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