- Carey takes Australia to 270 in 2nd ODI against England after collapse
- Two Hezbollah leaders killed in Israel's Beirut strike
- Hungary Danube waters reach decade high after Storm Boris
- Bagnaia cuts Martin's MotoGP lead with Emilia-Romagna sprint win
- Jackson double fires Chelsea to victory at woeful West Ham
- Fiji beat Japan to lift Pacific Nations Cup
- Kasatkina to face Haddad Maia in Korea Open final
- S.Africa snowfall closes roads, strands motorists overnight
- Lawyers of women alleging Al-Fayed sex abuse receive over 150 new enquiries
- President Museveni's son backs Ugandan strongman for 7th term
- Norris quickest as Verstappen bounces back in Singapore practice
- Wallabies lament All Blacks' fast start
- Germany's Oktoberfest opens under tight security after attacks
- Environmental protesters block French cruise liner port
- Hezbollah in disarray after Israeli strike kills top commanders
- No place like home: Biden hosts 'Quad' leaders
- One dead, 7 missing as heavy rains trigger floods in central Japan
- Zelensky says no UK, US go-ahead to use long-range missiles
- New Zealand edge Australia 31-28 in Bledisloe Cup thriller
- Japan orders evacuations as heavy rains trigger floods in quake-hit area
- New Zealand pilot freed in Indonesia after 19 months in rebel captivity
- Hezbollah in disarray after Israeli air strike kills top commanders
- Leading climate activist released from Vietnam jail
- Ethiopians struggle with bitter pill of currency reform
- Sri Lanka votes in first poll since economic collapse
- Feminist author warns of abortion disaster if Trump wins US election
- US city of Flint still reeling from water crisis, 10 years on
- Arsenal's mean defence faces acid test to shut out Man City again
- Late surge lifts Thailand's Jeeno to LPGA Queen City lead
- DeChambeau says PGA's Ryder Cup decision 'just the start'
- Alcaraz defeated on Laver Cup debut
- Postecoglou embraces 'struggle' to make Spurs a success
- Nice hand 'ashamed' Saint-Etienne 8-0 Ligue 1 mauling
- Boeing CEO says ending strike 'a top priority'
- Stock markets mostly fall after Fed-fueled rally
- Harris slams Trump for hypocrisy on abortion as US starts voting
- Academy to host first overseas ceremony to honor young filmmakers
- No doctor necessary: US okays nasal spray flu vaccine for self-use
- Gurbaz, birthday boy Rashid lead Afghanistan to 177-run rout of South Africa
- Former delivery man Baldwin leads star names at PGA Championship
- Trump shooting: Secret Service admits complacency
- Can an ambitious Milei make Argentina an AI giant?
- Haiti, its suffering growing, in 'race against time': UN expert
- Ibrahim Aqil, the Hezbollah elite unit commander wanted by the US
- Chinese forward Cui signs NBA contract with Brooklyn Nets
- US Fed dissenter calls for 'measured' pace of rate cuts
- Guardiola tells players to lead change over workload as Kompany demands cap on games
- Norway limits wild salmon fishing as stocks hit new lows
- Top Hezbollah commander killed in Israeli strike on Beirut
- Rotterdam fatal knife attacker suspected of 'terrorist motive'
Asia, Europe stocks climb, Wall Street pauses
Asian and European equities rallied Friday on clarity over rising US interest rates, while the euro hit a one-month dollar low before France's presidential election.
Meanwhile US stocks opened narrowly mixed after ending Thursday higher.
The trading caps a tough week dominated by the US Federal Reserve's hawkish tone in minutes from its March monetary policy gathering, which sent the dollar climbing against its main rivals.
The euro sank to $1.0839 before of Sunday's first round French presidential vote, with the unit dented also by European officials' reticence to move as aggressively as the Fed on tackling soaring inflation.
Oil prices steadied as traders mulled the recent release of nations' strategic reserves to combat recent Ukraine war-driven turmoil over Russian crude supplies.
- Strong US finish -
Equity investors took their cue "from a strong finish to a turbulent trading session on Wall Street overnight", said AJ Bell investment director Russ Mould.
"Commodities firms and financial stocks, the latter boosted by expectations of faster rate hikes, helped lead the charge higher."
Commodity prices have been boosted in recent weeks because Ukraine and Russia are key producers of raw materials.
Financial firms were given a shot in the arm on Friday as investors became more willing to take risks.
"The fortunes of financial stocks have been closely aligned with risk appetite over the last couple of months and we're continuing to see that now," said OANDA analyst Craig Erlam.
"If the economy can weather the storm, they could be in a strong position given how higher interest rates are generally beneficial for them."
The Fed has made clear it intends to act more decisively to rein in 40-year-high inflation by ramping up borrowing costs and offloading bond holdings.
Markets have come under huge pressure this year as the end of ultra-cheap central bank cash, a Covid-fuelled slowdown in China's economic activity, the war in Ukraine and soaring inflation come together in a perfect storm.
However, so far this year the London FTSE 100 index has won more than three percent in value, boosted by heavyweight commodity and oil companies whose share prices have benefitted from soaring prices of raw materials.
In contrast, Frankfurt's DAX has shed in excess of 10 percent and the Paris CAC 40 has lost eight percent, hit also by energy security concerns as a result of EU nations' reliance on gas supplies from sanctions-hit Russia.
- Key figures around 1330 GMT -
London - FTSE 100: UP 1.0 percent at 7,625.68 points
Frankfurt - DAX: UP 0.8 percent at 14,195.51
Paris - CAC 40: UP 0.6 percent at 6,500.87
EURO STOXX 50: UP 0.8 percent at 3,833.52
New York - Dow: UP less than 0.1 percent at 34,613.39
Tokyo - Nikkei 225: UP 0.4 percent at 26,985.80 (close)
Hong Kong - Hang Seng Index: UP 0.3 percent at 21,872.01 (close)
Shanghai - Composite: UP 0.5 percent at 3,251.85 (close)
Euro/dollar: DOWN at $1.0840 from $1.0879 late Thursday
Pound/dollar: DOWN at $1.3006 from $1.3075
Euro/pound: UP at 83.37 pence from 83.20 pence
Dollar/yen: UP at 124.62 yen from 123.95 yen
Brent North Sea crude: UNCHANGED at $100.58 per barrel
West Texas Intermediate: UP 0.2 percent at $96.26 per barrel
burs-rl/lth
K.Thomson--BTB