A roundup of trading on major world markets:

NEW YORK – The Nasdaq has bolted above 5,000 following a surge in biotech company Biogen as US stocks gained more broadly on a pullback in the dollar.

The tech-rich Nasdaq Composite Index jumped 34.04 (0.68 per cent) to 5,026.42, finishing above 5,000 for only the fourth time in its history.

The Dow Jones Industrial Average jumped 168.62 (0.94 per cent) to 18,127.65, while the broad-based S&P 500 rose 18.79 (0.90 per cent) to 2,108.06.

US stocks got a lift as the dollar retreated following a Federal Reserve statement two days ago that vowed a cautious approach to lifting interest rates.

LONDON – European stocks ended the week on a high with London’s FTSE surging past the 7,000 mark for the first time in history, after Greece pledged new reform plans and the EU offered two billion euros in emergency aid.

London’s benchmark FTSE 100 index closed 0.86 per cent higher at 7,022.51 points , boosted by the British government’s upbeat budget and an outlook for stronger growth.

The CAC 40 in Paris also gained, up 1.0 per cent to 5,087.49 points and Frankfurt’s DAX 30 added 1.18 per cent to 12,039.37 points.

The euro currency climbed to $US1.0845 from $US1.0660 late on Thursday in New York, pushing higher on the Greek news.

HONG KONG – The euro has pushed higher after Greece’s promise to provide new plans to reform its bailout, as Shanghai stocks continue to rally towards a seven-year high.

Tokyo swung from initial losses to end 0.43 per cent higher, adding 83.66 points to 19,560.22, while Sydney added 0.40 per cent, or 24.7 points, to close at 5,975.5.

Seoul was flat by the close, edging down 0.65 points to 2,037.24. Hong Kong dipped 0.26 per cent.

Shanghai rallied 0.98 per cent, or 35.05 points, to 3,617.32. The market has now climbed more than nine per cent following an eight-session winning streak and is now at its highest level since mid 2008.

WELLINGTON – The NZX 50 Index rose 11.97 points, or 0.2 per cent, to 5871.38.