Major U.S. indexes continued its uptrend last Friday on the back of President Donald Trump’s promise of a tax plan in the near future. The Dow Jones industrial average up 0.48
percent at 20,269.37, the S&P 500 gained 0.36 percent, at 2,316.10 and the Nasdaq composite ended 0.33 percent higher at 5,734.13.
The dollar index, which tracks the greenback against a basket of currencies, traded at 100.83 The yen also weakened against the dollar, at 113.63, while the Australian dollar was at $0.7658.
In economic news, Japan will release its preliminary fourth-quarter and full-year 2016 gross domestic product. Ahead, India’s consumer price index is due.
Crude oil prices received a lift on Friday after reports that OPEC members have delivered more than 90 percent of the promised output cuts.
Brent crude futures surged up 1.9 percent to settle at $56.70 a barrel, while U.S. crude futures settled up 1.6 percent at $53.86.
