Global stocks, U.S. dollar end lifted after labor pickup, oil gains – Reuters

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.