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Stocks heading for best weeks in six ahead of Yellen, Draghi speeches

LONDON (Reuters) - World stocks climbed toward their best week in six on Friday, as a near three-year high in emerging market shares and a roaring rally in metals bolstered the year's global bull run.

Fast charging emerging markets helped Asia secure a 1.6 percent weekly rise, while Wall Street looked set to open higher despite a rumbling row for Donald Trump as the United States approaches its self-imposed government debt limit.

"Our current assessment of the overall risk and reward picture keeps us overweight global equities in our tactical asset allocation," UBS Wealth Management chief investment officer, Mark Haefele, said in a monthly note.

Portugal's 10-year bond yield rose to its highest level in almost a month on Friday and was set for its biggest weekly jump since January, as renewed focus on the ECB's plans weakened sentiment towards lower-rated euro zone debt markets.

Hurrican Harvey as it has been named, is packing winds of up to 125 miles per hour (200 kph), and is forecast to drive a 12-feet (3.7-metre) surge in sea levels and dump up to 35 inches (97 cm) of rain over parts of Texas.

READ MORE (Yahoo Finance)

  • Global Stocks Edge Higher Ahead of Key Jackson Hole EventsU.S. News & World Report
  • Gold steady ahead of speeches by central bank headsYahoo Finance
  • Draghi Has Reason to Temper the Drama in Jackson Hole SequelBloomberg
  • US stock futures climb as market gears up for Yellen's Jackson Hole speechMarketWatch
  • US Treasurys lower as Jackson Hole meeting takes center stageCNBC
  • Here's what 4 analysts expect from Jackson Hole — the annual festival of ...Markets Insider
  • Lawrence Summers: The Fed's next big set of challengesWashington Post
  • Futures higher as investors await Yellen's speechNasdaq
  • Portuguese bond yields set for biggest weekly rise since JanuaryReuters

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Stocks heading for best weeks in six ahead of Yellen, Draghi speeches


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