Analytics, 23 October 2021
Week 42 in Brief
- US stocks closed higher on Friday, booking weekly gains driven by strong positive third-quarter earnings, despite technology stocks coming under pressure.
- European stocks rose on Friday on a surge in technology stocks, strong earnings from France’s L’Oréal, and a broad boost to sentiment provided by a surprise interest payment from debt-ridden China Evergrande Group.
- In commodities, oil closed higher while gold futures rose.
- In currencies, the dollar slipped against a basket of currencies.