Oil poised to end the week flat
Dollar poised for biggest weekly gains since Feb
Nikkei rises 0.9 to highest in 112 years
U.S. stock index futures up ahead of Wall Street open
U.S. data adds to confidence of Fed pausing, flags slowdown risk

SYDNEY, May 12 Reuters Global stock markets clung to modest gains on Friday, reassured by the prospect of a steady start on Wall Street, though worries over U.S. government finances capped investor appetite for risk.

Oil prices shook off earlier losses as signs of a supply deficit countered worries over fuel demand in the United States and China.

The dollar edged higher, heading for its biggest weekly gain since February as investors bet that overnight data showing a slowing U.S. economy would prompt the U.S. Federal Reserve to pause on rate hikes.

The MSCI All Country stock index was flat and little changed for the week, but still up about 7 for the year.

Nasdaq futures and SP 500 futures were firmer, with Tesla Inc up 1.5 in premarket trading as the electric vehicle maker raised the U.S. prices of some models and boss Elon Musk said he has found a new chief executive for Twitter.

In Europe, the STOXX index of 600 companies edged up 0.4, putting it slightly firmer for the week as Richemont shares hit a record high on news of strong demand in the Asia Pacific region.

Britain39;s economy grew in the first three months of the year instead of recession that was being forecast in late 2022 but recovery remains fragile….