Markets in Asia and Europe are modestly higher to end the week, despite ongoing softness in commodities prices
Stocks in Asia extended their climb to a
second straight session, though gains were relatively muted to end the week. Weakness in commodities kept upside in check, as energy and resource names backpedaled. Hong Kong's Hang Seng led the charge with a 1.1% rise, China's Shanghai Composite added 0.4%, Japan's Nikkei edged up 0.1%, and South Korea's Kospi managed a 0.05% advance.
European markets are just north of breakeven at midday, after European Central Bank (ECB) President Mario Draghi maintained his dovish tone in his address to the European Banking Congress. At last check, the German DAX is up 0.4%, London's FTSE 100 has lifted 0.3%, and France's CAC 40 has crept up 0.07%.
