London — World stocks drifted towards their best week in six on Friday, as a nearly three-year high in emerging market shares and a roaring rally in metals bolstered the year’s global bull run. Moves were tight ahead of speeches later by Federal Reserve and European Central Bank heads Janet Yellen and Mario Draghi, at one of the highlights of central banking calendar, the Jackson Hole, Wyoming, symposium. European shares gave up an early push higher though London’s FTSE did hold modest gains, supported by its heavyweight mining contingent and the pound’s fourth straight weekly fall. A weaker sterling flatters the appearance internationally earned profits. The dollar, meanwhile, added to its best week against the yen in seven as it hovered at ¥109.64. The dollar’s strength on the day also grounded the high-flying euro, which has had another strong week and is now at its highest against the pound in eight years barring sterling’s ‘flash’ crash last October. "Our current assessment of ...
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