Global stocks steady, U.S. dollar near 14-year peak on low volumes
By Dion Rabouin
NEW YORK (Reuters) - Key stock indexes around the world were little changed on Friday, as were the U.S. dollar and U.S. Treasury yields, in low volume trading ahead of the Christmas holiday weekend.
The U.S. dollar slipped against a basket of major currencies .DXY, lingering about half a percent below a 14-year peak set earlier this week. The dollar index has gained 5.0 percent since Donald Trump's U.S. presidential victory on Nov. 8, but was little changed for the week.[FRX/]
U.S. Treasury prices were slightly firmer as investors made minimal moves in a holiday-shortened session. [US/]
Bonds showed little reaction to data showing that new U.S. single-family home sales rose 5.2 percent on an annual basis in November to the second highest pace since 2007, while consumer sentiment hovered near a 13-year high this month.
"No one wants to take additional risk between now and the end of the year. They don't want to jeopardize those gains," said Stan Shipley, strategist at Evercore ISI in New York.
Trading volumes have been muted this week, which is also the last full week of trading this year. U.S. markets will be shut on Monday for the holiday-in-lieu of Christmas Day which falls on a Sunday this year.
U.S. equity indexes were mixed and remained near their Thursday closing levels, with the three major indexes on track to post weekly gains.
The Dow Jones Industrial Average, which came close to the 20,000 mark earlier this week, looked set to record its seventh straight weekly gain. Continued...