Global Stocks Rise as Investors Weigh Data, Inauguration Risks.

Global equities rose on Friday, with Wall Street and European markets posting strong weekly gains, as upbeat economic data and corporate earnings boosted investor confidence ahead of the U.S. presidential inauguration.

The MSCI global stock index climbed 0.81%, while Wall Street’s major indexes extended gains:

Dow Jones Industrial Average (.DJI): +371.84 points (0.86%) to 43,526.27.

S&P 500 (.SPX): +66.28 points (1.12%) to 6,003.70.

Nasdaq Composite (.IXIC): +318.89 points (1.65%) to 19,656.98.

U.S. manufacturing output increased 0.6% in December, following an upwardly revised 0.4% gain in November.

Single-family homebuilding surged to a 10-month high, signaling resilient construction activity despite high mortgage rates.

Fed Governor Christopher Waller indicated that three to four rate cuts remain possible in 2025 if economic conditions weaken.

U.S. Treasury yields rose, reversing earlier declines:

10-year yield: +0.7 basis points to 4.613%.

30-year bond yield: 4.8483%, up from 4.845%.

2-year note yield: +3.6 basis points to 4.274%.

Source: GUARDIANGLOBE