LONDON: World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging coronavirus nerves at bay.
"I think infection rates and fears of localised lockdowns have doused some of the enthusiasm," said Societe Generale strategist Kit Jukes. S&P 500 futures were down 0.2per cent but volumes were lower than usual due to a U.S. markets holiday on Friday for Independence Day. More than three dozen U.S. states saw increases in COVID-19 cases, with cases in Florida spiking above 10,000.
Oil prices also eased after an otherwise solid week. Brent crude fell 0.65per cent to US$42.86 a barrel while U.S. crude dropped 0.66per cent to US$40.38 a barrel. Both were around US$25 this time two months ago.
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