In European Equity Markets the pan-European STOXX 600 ended down by 1.45 percent, with all sectors and major bourses in negative territory. Britain’s FTSE 100 closed the trading week 4.2 percent lower while the French CAC 40 and German DAX slipped 5.5 percent and 5.3 percent respectively. L’Oreal ended marginally higher after the cosmetics giant saw sales rise by 5.5 percent in the fourth quarter on a like-for-like basis, topping expectations. Its CEO added the group was “confident” it would outperform the market and produce significant growth in 2018. Italy’s Mediobanca closed slightly higher after the bank announced in its earnings that it had increased its dividend payout guidance. Amundi fell 6 percent after the asset manager delivered lower than expected results.

In Currency Markets the US dollar rose on Friday, putting it on track for its strongest week against a basket of currencies in nearly 15 months as some traders piled into the greenback in a week of tremendous swings felt in stock and bond markets around the world. The single currency was last down 0.08 percent at $1.2235, marking a 1.7 percent decline this week which would be its steeply weekly decline since November 2016. The greenback stabilized versus safe-haven currencies after Thursday’s decline. It rebounded from a four-month low to 108.66 yen, down 0.07 percent. It was up 0.47 percent at $0.9402 Swiss franc. Against a basket of six major currencies, the greenback was up 0.21 percent at 90.420. On the week, the dollar index has risen 1.41 percent for its best week in almost 15 months.

In Commodities Markets oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. The decline came amid a rout in global equity markets sparked by inflation fears. Brent futures were down 81 cents at $64 a barrel. Earlier in the day, they fell as far as $63.70, the lowest since Dec. 20. U.S. West Texas Intermediate (WTI) crude was down 80 cents at $60.35 a barrel, after falling to as low as $60.07, its lowest since Dec. 29. Both contracts have fallen more than 9 percent from this year’s high point in late January. Brent was heading for a weekly loss of nearly 7 percent, its biggest since April, while WTI’s weekly decline of nearly 8 percent is the steepest since March.

In US Equity Markets indexes were little changed in volatile trading on Friday, after jumping more than 1 percent at the open and then briefly turning negative, as the market struggled for direction. Chip-maker Nvidia was up about 3.5 percent in pre-market trading after its upbeat results and forecast. It last traded up 2 percent. Expedia shares fell 16.2 percent after the online travel services company said costs would outpace revenue growth this year. FedEx and UPS fell about 2 percent after the Wall Street Journal reported Amazon.com Inc will be launching its own delivery service. Wynn shares fell 3.5 percent Friday after Morgan Stanley lowered its rating to equal weight from overweight, citing its lower confidence the gaming company will beat expectations this year.

In Bond markets core euro zone bond yields edged down on Friday as renewed selling in world stocks lent some support to safe-haven debt markets, which themselves have been bruised as investors brace for an end to easy-monetary policies by major central banks. Most other 10-year bond yields in the euro area also eased a touch. Peripherals under-performed on the day, rising 2 to 5 bps. Portugal’s 10-year government bond yield briefly hit a one-month high at 1.942 percent in late trade. U.S. 10-year yields, which on Thursday approached four-year highs hit earlier this week, also inched down. Greece’s 10-year government bond yields rose 34 basis points to a five-week high of 4.12 percent. Athens raised 3 billion euros in orders on Thursday, through a sale of seven-year bonds.