People clap during the ceremony to celebrate the end-of-year trade at the Tokyo Stock Exchange in Tokyo on December 29, 2017. / AFP / Toru YAMANAKA
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Markets were ending 2017 in a party mood Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from snatching away the monetary punch bowl.MSCI's world equity index, which tracks 47 countries, inched up 0.15 percent as six straight weeks and now 13 straight months of gains left it at yet another all time high.Emerging markets have led the charge with gains of 34 percent.Measured against its major peers the dollar has shed more than nine percent so far this year, putting it on track for its biggest annual loss since 2003 .As of Friday, the dollar was down 3.5 percent for the year at 112.74 yen.Brent crude futures added 45 cents to reach $66.61 a barrel, up more than 16 percent on the year so far, while U.S. crude futures climbed 46 cents to $60.30 a barrel.
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