Global stocks held close to record highs while U.S. Treasury yields and the dollar firmed on Thursday as the debate continued over when the Federal Reserve will start to ease stimulus.
European stocks hit new highs on Friday and were on course for a record-breaking run, capping another strong week as investors seize on a dip in U.S. inflation and more forecast-beating corporate earnings.
Euro zone government bond yields drifted sideways on Friday, with German borrowing costs holding above recent six-month lows in a sign that the rush to fixed income has abated for now.