U.S. stock indexes closed their best week in two months with a flourish on Friday. The S&P 500 climbed 1% to clinch its first winning week in the last three. The Dow Jones Industrial Average rose 334 points,

BMO Capital Markets forecasts the S&P 500 will reach 6,700, reflecting a gain of 13.2%. Chief investment strategist Brian Belski said he and his team "remain resolutely bullish," but expect "performance and fundamentals will more closely match the historical norms -- namely, in the high-single digit/low-double-digit percentage range in 2025."

Global shares are mostly higher following a rally on Wall Street driven by encouraging update on U.S. inflation. Oil prices slipped and U.S. futures edged higher.

London's benchmark FTSE 100 index reached an all-time high Friday as global equities rallied and the dollar climbed on renewed optimism for the global economy. The FTSE 100 contains numerous multinationals whose revenues are largely earned in dollars,

Global equities rallied on Friday as traders digested corporate results and prepared for US President-elect Donald Trump's inauguration next week, pushing London's benchmark FTSE 100 and Frankfurt's D