Global stocks, U.S. dollar end lifted after labor pickup, oil gains – Reuters
- Date: 06-Nov-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Global stocks, U.S. dollar end lifted after labor pickup, oil gains – Reuters
WASHINGTON, Nov 5 (Reuters) - World equities markets reached new heights on Friday after a session-long climb, booking a week of solid gains following a strong U.S. jobs report.
The dollar index, which had hit a one-year peak earlier in the session, slightly retreated in late trading as risk appetite improved and stocks rallied.
The moves came after U.S. Labor Department jobs data rebounded in a reassuring sign for investors who had worried for months about how stocks would fare once the Federal Reserve began rolling back the 2020 COVID-19 pandemic-fueled stimulus.