Equities Rise with Dollar, Bond Yields as Investors Cheer Strong US Payrolls

GLOBAL MARKET - NEW YORK/LONDON. MSCI's global equities index rose on Friday while the dollar climbed to its highest level since mid-August as investors heaved a sigh of relief after a surprisingly strong U.S. labor market report.

Oil prices rose and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, but gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities.

Read Also: Dollar Jumps to Seven-Week High on Strong US Jobs Report