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Global shares post best week given mid-2013 after gain boost


NEW YORK (Reuters) – Global equity markets rose on Friday after clever corporate formula from Microsoft and Procter Gamble and reduced concerns over a probable widespread of Ebola increased U.S. shares and kept safe-haven U.S. Treasuries prices stable.

MSCI’s all-country universe equity index rose 3.1 percent for a week, imprinting a biggest weekly commission benefit given Jul 2013, while a benchmark U.S. SP 500 was adult 5.5 percent from a low on Oct. 15 and notched a best weekly benefit in roughly dual years. Solid U.S. corporate formula bolstered shares over a week.

News late on Thursday of a initial chairman to exam certain for Ebola in New York City weighed on European shares, and while a shock primarily hold behind shopping in a United States, U.S. investors after shook off those concerns.

“Ebola is something we wish to keep an eye on, though a luck of widespread infection is flattering small, and we consider that’s what a marketplace believes,” pronounced Scott Wren, comparison equity strategist during Wells Fargo Advisors in St. Louis.

“Stocks were oversold. Investors were over-worried about tellurian growth, they were over-worried about Ebola,” he combined on reasons for a batch marketplace convene over a week.

Corporate gain were mixed. Microsoft and Procter Gamble rose following their quarterly results, offsetting a thrust in Amazon after a online tradesman reported an gain miss. Microsoft (MSFT.O) shares sealed adult 2.5 percent during $46.13, while Amazon (AMZN.O) shares sealed down 8.3 percent during $287.06.

The euro rose opposite a dollar on a perspective that a weekend refurbish on a euro section banking sector’s financial health would not exhibit too many problems during a region’s tip banks. As of a finish of 2013, 25 banks unsuccessful a European highlight tests, dual sources informed with a matter told Reuters on Friday.

MSCI’s all-country universe equity index .MIWD00000PUS was final adult 0.45 percent, to 409.23. The FTSEurofirst 300 index .FTEU3 of tip European shares sealed down 0.34 percent during 1,312.74.

The Dow Jones industrial normal .DJI sealed adult 0.76 percent during 16,805.41, while a SP 500 .SPX sealed adult 0.71 percent during 1,964.58. The Nasdaq Composite .IXIC sealed adult 0.69 percent during 4,483.72.

The dollar index .DXY, that marks a greenback contra a basket of 6 currencies, fell 0.14 percent to 85.721. U.S. 10-year Treasury records were final adult 3/32 in cost to produce 2.2658 percent.

Brent oil prices fell though were small altered on a week, while U.S. wanton oil futures continued to slide. Brent wanton LCOc1 staid during $86.13 per barrel, down 70 cents for a day, while U.S. wanton CLc1 staid down $1.08 during $81.01 per barrel.

(Reporting by Sam Forgione in New York; Additional stating by Chuck Mikolajczak and Richard Leong in New York and Marc Jones in London; Editing by James Dalgleish and Alan Crosby)

Article source: http://www.reuters.com/article/2014/10/24/us-markets-global-idUSKCN0ID01G20141024

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