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The Breakfast Briefing: Stocks On Track For Weekly Gains As Growth Fears Ease
FYI: Stocks in Europe and Asia moved slightly higher Friday, keeping major world markets on track for another week of solid gains.
The Stoxx Europe 600 edged up 0.1% in early trading, putting it on course to end the week 1.7% higher. Oil-and-gas companies led Friday’s advance as Brent crude oil rose 0.6% to $62.06 a barrel, a climb of nearly 9% so far this week.
In Asia, Hong Kong’s Hang Seng advanced 0.4% and Japan’s Nikkei rose 1% ahead of a long weekend, with both indexes rising around 4% this week.
S&P 500 futures pointed to a flat open on Wall Street after five straight sessions of gains and an increase of 2.6% for the index so far this week. Regards, Ted
