- Carey sparks recovery as Australia thrash England in 2nd ODI
- Leclerc, Sainz lament 'disappointing' Saturday in Singapore
- Bottega Veneta holds investors' aces as Madonna pops into D&G
- Beirut digs for victims at building flattened in Israeli strike
- Verstappen stages protest over 'ridiculous' swearing punishment
- Bayern boss Kompany lauds 'special talent' Olise
- Diaz fires Liverpool top of Premier League, Spurs bounce back
- Heavy fire over Israel-Lebanon border after deadly Beirut strike
- Ramos guides unbeaten Toulouse to Montpellier win despite Hogg scuffle
- Myanmar flood death toll jumps to 384
- Chelsea owners 'happy' with win at West Ham amid rift report
- Kane and Olise run riot as Bayern thump Bremen
- Ramos guides unbeaten Toulouse to Montpellier win
- Norris pips Verstappen to dramatic Singapore pole after Sainz crash
- 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
Strong dollar juices European stocks
A strong dollar helped boost European equities Friday, while the euro hit a one-month dollar low before France's presidential election.
US stocks were mostly higher, after ending Thursday with solid gains.
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 $1.0837 before 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 rose despite the recent release of nations' strategic reserves to combat recent Ukraine war-driven turmoil over Russian crude supplies.
- Risk appetite returns -
"Today’s positive session for European markets appears to have more to do with the fact that the strength of the US dollar has pushed both the pound and the euro lower, with the pound falling to its lowest levels since November 2020, below the 1.3000 level," said CMC Markets analyst Michael Hewson.
Shares in commodities firms have had a boost as commodity prices have risen 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 benefited 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 1530 GMT -
New York - Dow: UP 0.7 percent at 34,811.40 points
EURO STOXX 50: UP 1.4 percent at 3,855.55
London - FTSE 100: UP 1.6 percent at 7,669.56 (close)
Frankfurt - DAX: UP 1.5 percent at 14,283.67 (close)
Paris - CAC 40: UP 1.3 percent at 6,548.22 (close)
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 $1.0877 from $1.0879 late Thursday
Pound/dollar: DOWN at $1.3020 from $1.3075
Euro/pound: UP at 83.53 pence from 83.20 pence
Dollar/yen: UP at 124.32 yen from 123.95 yen
Brent North Sea crude: UP 1.0 at $101.61 per barrel
West Texas Intermediate: UP 1.3 percent at $97.32 per barrel
burs-rl/har
I.Meyer--BTB