European equities touched fresh multi-month peaks on Monday, with technical charts pointing to a continued slow grind higher.
The Dow Jones Industrial Average could peak as high as 20,000 four years from now, JPMorgan Chief U.S. Equity Strategist Thomas Lee told CNBC on Monday.
Strong earnings are helping drive stocks near record levels. CNBC's Jim Cramer said "positivity in this market is overwhelming."
The return of risk appetite has boosted European stock markets, as more investors have rotated out of safe-haven bonds, and new research shows sentiment towards European equities is now at the best level in several years.
Japan's Nikkei breached the 11,0000 mark briefly as the yen continued to weaken.
Growing optimism about the economic outlook and a string of upbeat earnings has put global equity markets on a strong footing at the start of the year.But hold on, say strategists, pointing to a risk that investors are underestimating: a U.S. budget sequester.
The euro rallied Friday on growing optimism the region's debt crisis has turned the corner, while the yen was headed for its 11th consecutive week of losses.
The price of U.S. crude oil edged settled below $96 per barrel despite ample stockpiles of crude amid signs of growth in the world's two largest economies.
U.S. Treasurys yields surged to their highest in three weeks on Friday after data showed European banks are repaying more emergency loans than expected, suggesting the region is healing and reducing demand for safe-haven debt.
Gold prices fell to a two-week low after the European Central Bank said banks would repay 137 billion euros ($183.2 billion) in cheap loans, which reassured investors the euro zone banking system was stabilizing.
Weak GDP data for the U.K. wasn't enough to stop European shares rising on Friday as Germany's DAX Index reached a level not seen since January 2008 after business climate data was released.
U.S. stock index futures were higher Friday, a day after the S&P 500 logged its seventh-straight rally, following a batch up upbeat earnings reports and ahead of a key housing report.
Asian shares ended mixed on Friday, dragged lower by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities.
The slowdown in the global economy last year, prompted warnings over the death of the commodities super-cycle, but the flood of government stimulus unveiled in the recent months will prolong the bull run, says one expert.
Japan's new government certainly isn't mincing its words about wanting a weaker yen. But Tokyo can now expect to face increased resistance overseas to any efforts to engineer a weaker currency, analysts warn.
Wall Street's bull could take another run at the psychologically important 1,500 level as early as Friday, but that's a level that could also trigger a pause, analysts say.
The yen tumbled 2 percent against the dollar to hit a 2 1/2-year low on Thursday after a Japanese official said the government has no problem with the dollar hitting 100 yen.
U.S. Treasury debt prices slipped on Thursday after data showed first-time filings for weekly jobless benefits fell to a five-year low, raising hopes of an improving U.S. labor market and paring safe-haven bets on government debt.
Gold fell to a one-week low after a repeated failure to break above a key chart level hurt investors' confidence in the metal.
Oil prices rose, buoyed by strong economic data from China, the eurozone and the United States, with U.S. crude prices getting an extra boost from expectations the vital Seaway pipeline could resume full capacity operation within a week.
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.