As traders turn their attention toward Friday’s crucial US jobs data, global equities are scaling record highs.
UK equity-index futures rose and the pound held recent gains after the Labour Party won a majority of seats in Parliament, giving it a clear mandate to deliver on its pledge for greater economic stability. In Asia, Japan’s Topix index briefly touched another record early Friday, having surpassed the previous high set in 1989 in Thursday’s session.
The yen strengthened for a second day on Friday against the greenback to rebound further from the lowest level since 1986 reached on Wednesday. China’s central bank took the next step toward selling government bonds to cool a record-breaking rally, saying it now has “hundreds of billions” of yuan of the securities at its disposal through agreements with lenders.
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