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A Bank of America survey found global investor sentiment at its most optimistic since June 2022, driven by rate cuts and China's stimulus plan.
US stocks retreated from record highs and six straight weekly gains on Monday as Treasury yields rose, with investors wary of high valuations.
The euro steadied after the ECB's second rate cut but saw its third weekly loss vs. the dollar and its worst drop vs. the pound this year.
Analysts have lowered their earnings forecasts for European companies at the fastest rate in seven months, expecting less impact on stock prices.
The Dow hit its fourth record close in five sessions on Thursday, boosted by strong retail sales and TSMC's positive forecast.
Gold reached its peak as Treasury yields fell. LBMA delegates forecast gold at $2,941 and silver at $45 within 12 months.
Institutional investors' long positions on the Australian dollar are at a high not seen since March 2021, as the Reserve Bank likely keeps rates high.
Oil rose in early Asian trade Wednesday amid Middle East conflict uncertainty, after a $5 drop earlier this week to the lowest since early October.
China's A50 index was flat Tuesday as disappointing data revealed a decline in September consumer inflation and deeper producer price deflation.
The euro was flat on Monday after ECB chief Lagarde hinted at a rate cut this month, following two cuts this year amid economic weakness.
Oil futures had their largest gain in over a year last week and are on track for another increase, despite a strong dollar and active options trading.
The Nikkei 225 index advanced on Friday, regaining most of August's losses, while Chinese stocks lost some of their luster.
Chinese stocks steadied Thursday after a sell-off, with analysts noting future momentum will depend more on fiscal policy than on monetary support.
US stocks rallied on Friday as investor confidence in a soft landing grew. The escalating Middle East conflict may shift funds from Europe to the US.
