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AAP

2012-11-26

A roundup of trading on major world markets:

NEW YORK - US stocks rallied on Friday on signs that the holiday shopping season was off to a good start, with retail behemoth Walmart calling it the "best ever" Black Friday.

The Dow Jones Industrial Average added 172.79 points (1.35 per cent) at 13,009.70.

The broad-market S&P 500 index advanced 18.12 (1.30 per cent) to 1,409.15, while the Nasdaq Composite climbed 40.30 (1.38 per cent) to 2,966.85.

LONDON - European stock markets advanced and the euro was stronger against the dollar on Friday as dealers welcomed a surprise rebound in German business confidence while they watched another EU impasse unfold in Brussels.

The benchmark FTSE 100 index rose by 0.49 per cent to close at 5,819.14 points in London, Frankfurt's DAX 30 gained 0.89 per cent to 7,309.13 points and the Paris CAC 40 added 0.87 per cent to 3,528.80.

The euro climbed to $1.2980 from $1.2884 late in New York on Thursday, its highest level since November 1.

HONG KONG - Asian markets were mostly up following a rally in the previous session, while dealers await another meeting on Greece's bailout and the resumption of talks on the US fiscal cliff.

Trade was subdued on Friday with Japanese markets closed for a public holiday and the United States celebrating Thanksgiving on Thursday.

Sydney ended flat, dipping 0.10 points to 4,413.0 while Seoul gained 0.62 per cent, or 11.83 points, to close at 1,911.33.

Hong Kong added 0.79 per cent, or 170.78 points, to end at 21,913.98 and Shanghai closed up 0.58 per cent, or 11.77 points, at 2,027.38.

WELLINGTON - The NZX 50 rose 11.12 points, or 0.3 per cent, to 4008.33, bringing its gain this year to 21 per cent.