MSCI’s world equity index has been on an upward trajectory for pretty much all of 2017. REUTERS/Andrew Kelly
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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.Italian government bond yields, which move inverse to price, rose to fresh two-month highs Friday at 1.978 percent.Measured against its major peers the dollar has shed more than 9 percent so far this year, putting it on steady track for its biggest annual loss since 2003 .As of Friday, the dollar was further 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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