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Europe's stock markets and the euro sagged on Thursday as investors waited for another European Central Bank rate rise after the U.S. Federal Reserve signalled that its marathon hiking run may finally have gone far enough.
U.S. and European shares resumed their rally on Friday as U.S. jobs data surprised on the upside, with the dollar index also hitting a one-year peak on the better than expected October employment data.
World stocks hit a record high on Thursday after a smooth start to the U.S. Federal Reserve's mass stimulus unwind plan and as traders waited to see if the Bank of England would be the first major central bank to raise interest rates since COVID hit.
Global shares tracked sideways near record highs on Thursday, with the European Central Bank making no change to monetary policy, leaving investors to scrutinise U.S. growth figures ahead of Wall Street's open for direction.
World shares dipped on Monday after data showed slower-than-expected growth in China's economy last quarter and surging oil prices fed inflation concerns.