Thursday, 6 Oct 2022

Global Markets mixed

LONDON-- Global Markets were mixed on Friday, Reuters reported.

The MSCI world equity index was steady on the day but headed for a 3% drop on the week, which would mark its third straight week of losses.

U.S. S&P futures weakened 0.16% after the S&P 500 index rose 0.3% on Thursday.

European stocks recovered slightly from Thursday's six-week lows, gaining 0.4%, while Britain's FTSE rose 0.5%.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, heading for its worst weekly performance since mid-June with a tumble of 3.6%.

Japan's Nikkei was steady and Chinese blue chips dropped 0.5%.

The dollar hit a fresh 24-year high against the yen at 140.43. The euro rose 0.5% to $0.9995.

Oil prices recovered much of their recent losses.

Brent crude futures rose 2.2% to $94.42 a barrel while U.S. West Texas Intermediate (WTI) crude futures were up by 2.34% to $88.64 a barrel.

Source: Saudi Press Agency

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