Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped US bond yields to rise and lifted the dollar to a third straight week of gains.
US home resales rose more than expected in April, suggesting the American economy has continued to gather pace during the second quarter. The data added to a growing perception that a rate hike next month or in July would not derail US growth.
Wall Street rose, following gains in Europe, with the S&P financial sector index rising 0.61 percent as recent comments from Fed officials suggested the possibility of a rate increase as early as June.
Information technology was the biggest gainer among the S&P sectors, rising 1.18 percent, on a higher-than-expected profit forecast from chip company Applied Materials, whose shares closed up 13.8 percent.
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