Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.
Oil headed for a weekly gain — after topping $65 a barrel on Thursday — as signs of strengthening demand from the U.S. to China stoked optimism the demand recovery from the pandemic is accelerating.
The U.S. dollar skidded toward a fourth straight weekly decline against a basket of major peers on Friday, as the Federal Reserve stuck to its message of ultra-low interest rates for longer.
Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends.
The S&P 500 closed at record highs Thursday as tech steadied from its intraday malaise and a Facebook-led rally in communication services supported investor sentiment.
Asian shares slipped on Friday but world stocks held near a record high after strong U.S. economic data and the Federal Reserve’s commitment to continue supporting the economy fuelled investors’ appetite for risk.