Asian shares up, Scottish vote seen lifting Europe
By Lisa Twaronite
The cheer was expected to spread to European bourses, where financial spreadbetters predicted Britain's FTSE 100 would open up by 78-79 points, or 1.2 percent; Germany's DAX was seen opening 70-72 points, or 0.7 percent higher; and France's CAC 40 was expected to rise by 13-14 points, or 0.3 percent.
"The old market adage of 'buy the rumour sell the fact' may still hold because if you're leaving it to this morning to buy on post referendum euphoria you may be getting in at the top," Capital Spreads dealer Jonathan Sudaria said in a note to clients.
Sterling was last up 0.4 percent at $1.6460 after rising as high as $1.6525, a marked turnaround from a 10-month low of $1.6051 touched just last week. The move helped push the dollar to a six-year high against the yen in cross trading, market participants said.
Sterling rose more than two full yen against the Japanese currency to buy 180.66 yen, its highest since late 2008. It was last up 0.9 percent at 179.70 yen.
MSCI's broadest index of Asia-Pacific shares outside Japan added about 0.2 percent, supported by Wall Street's strong showing overnight, with both the benchmark S&P 500 and the Dow Jones industrial average setting intraday record highs. But the Asian index was still on track for a weekly loss of about 1.4 percent.
Sentiment was also underpinned by news that Alibaba Group Holding priced its IPO at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday in one of the largest-ever stock offerings.
The dollar index, which tracks the U.S. unit against a basket of six major peers, stood at 84.333, edging up on the day after it climbed as high as 84.743 on Thursday, its strongest level in more than four years.
The euro wilted about 0.1 percent to $1.2906 after refreshing a 14-month low on Thursday, when it fell as low as $1.2834.
Obama said the strong bipartisan support showed Americans were united in the fight against Islamic State militants.
"We think the stage seems set for a prolonged period of heightened regional uncertainty, with risks potentially spilling over into global oil markets and other economies and financial markets in the region," they said.
Brent crude held below $98 a barrel on Friday, but was set for its first weekly gain in three on the possibility of lower OPEC output. Brent edged down to $97.63 a barrel, while U.S. crude slipped slightly to $92.94.
Spot gold inched lower to $1,224.40 an ounce after touching $1,216.01 in the previous session, its lowest since Jan. 2.