In Asian Equity Markets stocks recorded their best week in months on Friday and the dollar held off recent record highs after the European Central Bank (ECB) unexpectedly ended its negative interest rate policy, but U.S. futures fell on fears of poor tech earnings. Japan’s Nikkei rose 0.37 percent on Friday to make gains for a seventh successive day. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.17 percent. Australia’s AXJO had its best week since March, up 2.83 percent, and South Korea’s KOSPI gained 2.68 percent for its best week since February.

In Currency Markets the dollar rebounded strongly on Friday, but remained on track for its biggest weekly loss since late May after weak U.S. economic data saw some paring of bets for the size of an expected Fed interest rate increase next week. Europe’s shared currency fell 0.44 percent to $1.0187, retreating further from Thursday’s knee-jerk peak of $1.0279 following a larger-than-telegraphed half-point hike from the ECB. The dollar rebounded 0.43 percent to 137.925 yen, after sliding 0.67 percent overnight. Sterling slid 0.35 percent to $1.1962. The Aussie lost 0.47 percent to $0.69035.

In US Equity Markets main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla. The Dow rose 0.51 percent, to 32,036.9, the S&P 500 gained 0.99 percent, to 3,998.95 and the Nasdaq Composite added 1.36 percent, to 12,059.61. Nine of the 11 major sectors of the S&P 500 closed in positive territory, with consumer discretionary, heath care and information technology posting the biggest gains adding over 1 percent each. Falling oil prices hit the S&P 500 energy sector, which fell 1.7 percent to lead declines across the sectors.

In Commodities Markets oil prices fell more than $3 a barrel on Thursday on higher U.S. gasoline stockpiles and after an ECB rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia’s gas flows to Europe eased supply restraints. Brent crude futures settled at $103.86 a barrel, falling 2.9 percent. U.S. WTI crude settled at $96.35 a barrel, declining 3.5 percent. Spot gold was up 1 percent at $1,712.61 per ounce. Silver rose 0.7 percent to $18.78 per ounce, platinum gained 2 percent to $874.98, while palladium was up 1 percent at $1,880.48.

In European Equity Markets stocks rose on Thursday, boosted by a run of upbeat corporate results although gains were limited as investors digested an oversized ECB interest-rate hike amid growing worries about a recession. The broader-pan European STOXX 600 index closed 0.4 percent higher after seesawing earlier in the session in the aftermath of the ECB’s decision and President Christine Lagarde’s presser. Italian banks pared losses to end 2.9 percent lower. They had fallen up to 7.2 percent earlier in the day after Prime Minister Mario Draghi resigned, pushing the country into fresh political turmoil.

In Bond Markets U.S. Treasury yields fell on Thursday, with the benchmark 10-year note below 2.9 percent, weighed by soft economic data and after the first interest rate hike in 11 years by the European Central Bank turned investors’ focus toward an economic slowdown. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 16.5 basis points at 3.085 percent. The yield on 10-year Treasury notes was down 15.9 basis points to 2.877 percent. The yield on the 30-year Treasury bond was down 12.2 basis points to 3.048 percent.