MSCI's global equities index rose on Friday while U.S. Treasury yields turned higher with the dollar as upbeat economic data and earnings appeared to help investors shrug off any jitters ahead of the U.

NEW YORK/LONDON >> MSCI’s global equities gauge rose today, while Wall Street stocks dipped and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve officials’ comments suggested more interest rate cuts on the horizon.

By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) -Stocks surged on Thursday, extending momentum from the previous session when data showed an easing in core U.S. inflation that raised expectations for Federal Reserve cuts and sent global bond yields lower.