Stocks at record high but yields fall, dollar under pressure

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By Rodrigo Campos

NEW YORK (Reuters) - Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.

A global stock index touched a record high for the third session this week while the dollar index, a measure of the greenback versus six peers, touched a three-month low and closed at its lowest since April 2018.

On Wall Street, the main indexes rose and the Nasdaq Composite hit a record high. The Nasdaq outperformance mirrors recent sessions when, despite rising stocks, the focus was on the economic impact of the pandemic. The U.S. expects a further surge in coronavirus infections following the Thanksgiving holiday.

The Dow Jones Industrial Average rose 37.9 points, or 0.13%, to 29,910.37, the S&P 500 gained 8.7 points, or 0.24%, to 3,638.35 and the Nasdaq Composite added 111.44 points, or 0.92%, to 12,205.85.

European stocks rose after the European Central Bank reinforced expectations of further stimulus next month and Sweden's Riksbank made a surprise increase to its quantitative-easing program.

The pan-European STOXX 600 index rose 0.41% and MSCI's gauge of stocks across the globe gained 0.39% to 623.75 after touching a high of 624.29.

Emerging market stocks rose 0.12%, while Japan's Nikkei rose 0.40%.

Questions also lingered over trial data on AstraZeneca's COVID-19 "vaccine for the world," as several scientists sounded caution over the trial results.

Australian shares ended down 0.5% with Treasury Wine Estates down 11.25% as China imposed new tariffs on Australian wine, the latest move in the countries' long-running trade row.

Graphic: Emerging market stocks' November to remember, https://fingfx.thomsonreuters.com/gfx/mkt/xlbvgzdxwpq/Pasted%20image%201606391823401.png

The European Union and Britain said substantial differences remained over a Brexit trade deal, as the EU chief negotiator prepared to travel to London in a last-ditch attempt to avoid a tumultuous finale to the five-year crisis.

Sterling, which has climbed over 3% against the dollar this month, was last trading at $1.3299, down 0.42% on the day. [GBP/]

"Clearly, there are substantial and important differences still to be bridged, but we're getting on with it," British Prime Minister Boris Johnson told reporters.

The dollar index fell 0.269%, with the euro up 0.39% to $1.196. The Japanese yen strengthened 0.24% versus the greenback at 104.03 per dollar.