Global stock markets end week on downward slope
Global Forex Markets Wrap Up Friday with Greeback Comeback Gaining Momentum
The foreign exchange market closed the week with the U.S. dollar back in demand following Thursday's strong jobs report.
The EUR/USD pair edged higher, with the euro rising 0.15 percent to 1.1773 against the U.S. dollar. Meanwhile, the USD/JPY declined 0.24 percent to 144.55, reflecting a slight retreat in the greenback against the Japanese yen.
The USD/CAD saw modest gains, climbing 0.18 percent to 1.3606, as the US dollar strengthened against the Canadian dollar. In contrast, the GBP/USD dipped 0.04 percent to 1.3647, as the British pound struggled for momentum.
The USD/CHF pair advanced 0.12 percent to 0.7949, signaling a firmer US dollar against the Swiss franc. The Australian and New Zealand dollars faced pressure, with the AUD/USD dropping 0.33 percent to 0.6548 and the NZD/USD falling 0.22 percent to 0.6049.
Global Markets Close Mixed on Friday as Tech Lifts US Indices, Asia and Europe Struggle
Stock markets worldwide ended the week with diverging performances. European and Asian indices faced broad declines, while in Toronto the market closed little changed. Here are the closing quotes from key stock indices around the world Friday:.
Canada Flat
UK and Europe: Broad Declines
DAX (^GDAXI): -0.61 percent to 23,787.45
CAC 40 (^FCHI): -0.75 percent to 7,696.27
EURO STOXX 50 (^STOXX50E): -1.02 percent to 5,288.81
FTSE 100: Flat at 8,822.91
BEL 20 (^BFX): -0.02 percent to 4,485.04
Asia and Pacific: Mixed Reactions
Nikkei 225 (^N225): +0.06 percent to 39,810.88
Hang Seng (^HSI): -0.64 percent to 23,916.06
KOSPI (^KS11): -1.99 percent to 3,054.28 (worst performer)
Shanghai (000001.SS): +0.32 percent to 3,472.32
ASX 200 (^AXJO): +0.08 percent to 8,603.00
NZX 50 (^NZ50): +0.49 percent to 12,766.60
Emerging Markets: Selective Strength
India's Sensex (^BSESN): +0.23 percent to 83,432.89
South Africa (^JN0U.JO): -0.23 percent to 5,456.37
Indonesia (^JKSE): -0.19 percent to 6,865.19
Malaysia (^KLSE): +0.08 percent to 1,550.19
Taiwan (^TWII): -0.73 percent to 22,547.50
Key Takeaways
US Outperformance: NASDAQ's 1+ percent gain underscored tech resilience.
Europe's Struggles: Rate-cut doubts weighed on banks and industrials.
Asia's Divide: South Korea's sharp drop contrasted with China's modest rise.
Commodity Markets: Australia and NZ edged up, while South Africa dipped
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