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.
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