Strong earnings reports in the United States (US) as well as a surge in commodity stocks in Europe have driven most equity indices to soar.
The session on Wall Street saw several corporate companies publish earnings reports, which gave investors insight into the decision -making behind the negative news that enveloped the market.
During the survey, Microsoft Corp. jumped 4.8% and Visa Inc. jumped 6.5% while Google -owned Alphabet Inc. fell 3.6% due to a slowdown in sales of YouTube ads that were below expectations.
The Dow Jones Industrial average was up 0.19% at 33,301.93 points, the S&P 500 was up 0.21% at 4,183.92 while the Nasdaq Composite was down 0.01% at 12,488.93.
U.S. Treasury yields are up ahead of further details on the Federal Reserve's (Fed) policy next week in fighting inflation.
Meanwhile in Europe, corporate reports were seen to be mixed but mining and oil stocks broke the deadlock experienced for the previous 4 sessions.
The pan-European STOXX 600 index rose 0.7% with German stocks entering the rally during the closing session.
The MSCI benchmark global equity market retreated 0.17% while emerging market shares fell 0.54%.
Meanwhile, Asian markets saw the MSCI Asia-Pacific broad index of Japanese offshore stocks down 0.82%, the lowest level since mid-March and Japan's Nikkei down 1.17%.
Chinese stocks previously affected by the ongoing Covid-19 control order were seen returning slightly to gains at 3% after data showed growth on industrial firms in March.
Currency summary, the dollar index hit a 5 -year high while the Euro fell as low as $ 1.0512, the lowest level against the dollar since May 2017 in the wake of the crisis in Ukraine.
The spot price of gold fell to 1.05% due to pressure from a strengthening dollar while US gold futures fell 0.8% at $ 1,888.70.
