On Friday, the world stocks had attained a high in a week. Moreover, this high looked set so as to snap the losing streak of three weeks.
This high was after the bounce of a late-night session on the Wall Street which was then filtered into Asian as well as the European markets.
Amid the doubts of the stability of the market which was taken in a broader aspect, the safe-haven assets were in great demand. The doubts regarding the stability of the market had also eroded the appeal of the dollar.
The shares of the United States were all poised for a rise. Reversing the threat that was imposed on Thursday, the S&P 500 along with the Dow Jones and the Nasdaq indices were all up by at least half a percent.
Apart from that the European benchmark witnessed a rise by 1.7 percent.
Because of this the all country equity index of MSCI experienced an increase by 0.6 percent. And the weekly gains by so far witnessed a rise by almost 2 percent.
The S&P500 index experienced a gain of 5.9 percent which was its best performance since the august of 2015.
However, the equities that are not from the United States have failed to match the surge which lasted for about two days on the Wall Street.
While the resilience of the Wall Street has ignited hope regarding the easing of the market pressure however, the investors still are wary regarding the same.
Since the correction of the global stock market correction which took place in February, the volatility in Europe as well as the United States have not witnessed an increase.
However, there has been subsiding of the main volatility gauge since then to lows of one week.
Source: Reuters, Investing
