NEW YORK U.S. and European shares rebounded from recent weakness on Friday, with reassuring U.S. retail sales data boosting sentiment, while U.S. crude prices rallied from more than 12-year lows.
NEW YORK The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy.
LONDON European rose on Friday, rebounding from the previous session's steep losses, with encouraging results from Commerzbank and a rally in oil prices helping banks and commodity-related stocks to regain ground.
NEW YORK Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.
COLOMBO Sri Lankan rupee forwards ended down on Friday on importer dollar demand, while dealers said they expected the currency to weaken further in the months to come due to rising imports and slowing dollar inflows.
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