Stability returned to US stock market on Friday after yesterday’s pull back as investors were encouraged by signs that tax cuts by year end were growing more and not less distinct.
It was good news in theory for the pound earlier: Theresa May got the longed-for go-ahead.
Asian stocks traded mostly lower on Friday with the Hang Seng dipping almost -1.5%.
US stocks ended Thursday’s session muted as the three major benchmark indexes declined under the weight of a policy decision on internet neutrality rules and rising dissent around the Republican tax reform bill.
The Bank of England warned earlier of more interest rate rises in an effort to cage UK inflation
The US Federal Reserve last night raised interest rates by a quarter of a percentage point
The Dow added gains on Wednesday with the focus less on the Federal Reserve's widely anticipated 25 basis point hike to the benchmark interest rate and more on the projected outlook for 2018.
US inflation frustration saw the dollar slip earlier today.
The third US Federal Reserve interest rate rise in 12 months is expected later today.
The Dow ended Tuesday's session with a fresh high as telecoms and financials sent the blue-chip index sharply higher while investors shunned tech stocks causing NASDAQ to retreat.
UK inflation came in at +3.1% at 9.30am, modestly above a 3% consensus estimate.
Overnight Brent crude soared past $65 a barrel for the first time since 2015.
Energy and tech stocks lifted the Dow and S&P 500 to touch new highs on Monday before falling back in afternoon trading.
The FTSE 100 got some support today from a weakened sterling today.
Asian stocks were mostly higher overnight, boosted by more US positivity on Friday