Tokyo and Sydney stocks jumped to new multi-year highs on Monday, lifted by Friday's stronger-than-expected U.S. jobs data, while other Asian markets lost ground as mixed economic data from China weighed on sentiment.
Strong U.S. jobs data have given the dollar a leg up in the forex market, suggesting that an improving outlook for the world's largest economy is taking over as the main driving force for dollar gains.
After busting through records, some traders say the stock-market bulls will keep running as a mentality of "the train is leaving the station" triggers more buying.
Gold traded flat, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its stimulus, analysts said.
The dollar touched a fresh 3 1/2-year high against the yen and a three-month high against the euro on Friday, buoyed by a stronger-than-expected U.S. jobs report.
Stocks finished higher across the board Friday with the Dow setting a new record high and all three major averages up more than 2 percent for the week, boosted by a stronger-than-expected monthly government payrolls number.
Prices of U.S. Treasurys fell on Friday, boosting benchmark yields to an 11-month high as data showed U.S. job growth picked up more than expected in February.
Brent crude futures clawed back above $110 per barrel on Friday after US payrolls data confirmed that labor markets were on a path toward sustained job creation.
European shares extended their gains on Friday, closing higher after better than expected non-farm payrolls in the U.S boosted investor sentiment.
A better-than-expected jobs report may be sending the "wrong signal" about the economy, Goldman Sachs' top economist told CNBC.
The dollar surged to a three-and-a-half year high against the yen on Friday and Dennis Gartman, editor of "The Gartman Letter" told CNBC that it will only soar higher, reaching 125 against the yen in the next two years.
The rapid decline in the Japanese currency's value against the U.S. dollar has analysts wondering where to place their next bets.
Tax increases and reduced government spending will have a severe impact on economic growth in the United States this year, Nouriel Roubini told CNBC.
The weak yen could do more harm than good to Japan's economy, one economist warns.
U.S. Treasurys prices fell for a fourth consecutive session on Thursday as a surprise drop in jobless claims added to signs of a strengthening labor market and raised hopes the world's largest economy was gaining steam.
The stock market's run will result in either a 20 percent correction or a more nasty sell off at some point this year, Marc Faber told CNBC.
The euro climbed to a session peak against the dollar on Thursday as the ECB gave no hints about monetary policy easing in the months ahead after leaving its benchmark interest rate unchanged.
Gold fell after the European Central Bank and the Bank of England did not hint at more economic stimulus, and as encouraging U.S. jobless claims data fuelled optimism about the upcoming nonfarm payrolls report.
Oil eased below $111 a barrel on Thursday as the North Sea Brent pipeline restarted and as investors digested comments from the European Central Bank.
European shares ended slightly lower on Thursday, held back by a post-results slump for British insurer Aviva.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.
Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
The worst US drought in over 50 years is pushing commodity prices to record highs.