LONDON—Global equities inched higher on Friday, while the dollar headed for a third weekly gain as investors assessed U.S. economic data that largely showed a resilient labor market ahead of the all-important monthly jobs report.
The MSCI All-World index rose 0.1 percent on the day but was still headed for its biggest weekly drop in five months, thanks in part to a surge in government bond yields this week after more data pointed to slowing inflation and the prospect of a deluge of U.S. Treasury supply.
