Global stocks joined the US futures in Friday climb after Fed calmed inflation fears saying the consumer price increase is only transitory, Markets Insider reports. S&P 500 ticked 0.46% higher, a successive rise after a 1.22% surge on Thursday.
Thursday and Friday jump of S&P 500 futures happens after shedding at least 2.8% in the week after April inflation was reported to have climbed 0.8%.
Tech-heavy Nasdaq 100 gained 0.67%, while Dow Jones was up 0.36% on Friday
In Europe, STOXX 600 gained 0.33%, while UK’s FTSE 100 was up 0.77%.
Asian stocks traded higher, with China’s CSI 300 gaining 2.36% while Japan’s Nikkei 225 was up 2.32%.
Bond yields traded lower, with the 10-year US Treasury note down 2.8 basis points on Friday to trade at 1.640%.
Commodities recovered from losses in the week over potential rise in interest rate due to inflation, with Brent crude gaining 0.6% to trade at $67.45 a barrel.
Fed reiterated that the inflation gains are only temporary, holding an accommodative monetary stance to support the economic recovery.
Global stocks are currently gaining. S&P 500 is 1.22%, Nasdaq 100 is up 0.83%, Euro STOXX 600 is up 0.65%, FTSE 100 is up 0.72% CSI 300 is up 2.36%, NI225 is up 2.32%.
