U.S. equities posted record highs on Friday as the Wall Street bet on further strong earnings growth. For the past three quarters, corporate earnings for S&P 500 were stronger.
The NASDAQ composite climbed 0.2 percent to 6,605.80. The S&P 500 ended 0.1 percent at 2,553.17. Meanwhile Dow Jones Industrial Average added 0.13 percent to end the week at 22,871.72.
European markets closed Friday’s session mostly higher, with a strong performance in commodities.
The Pan-European Stoxx 600 closed up 0.29 percent. United Kingdom’s FTSE 100 fell 0.28 percent down to 7,535.44 while France’s CAC closed down 0.17 percent to 5,351.74. Germany’s DAX on the other hand rose 0.07 percent to 12,991.87.
Asian markets closed Friday session mostly on the positive as investors digested the release of China trade data.
Japan’s Nikkei 225 rose 0.96 percent to close at 21,155.18 after reaching a new 21-year higher earlier during the session. South Korea’s Kospi was down 0.05 percent. Australia’s ASX 200 added 0.34 percent to end at 5,814.2. Meanwhile Chinese Shanghai composite and the Shenzhen composite tacked on 0.16 and 0.67 to end at 3,391.54 and 2,036.81.
The JSE ended closed higher on Friday after a relatively flat trading session during the day. The rand rand strengthened due to a weaker dollar on Friday.
The All share index added 0.22 percent to end at 57, 876.66. On the other hand, the resources and financial index added 0.71 percent and 0.47 percent to close at 20,326.91 and 42,923.25 respectively.