Global stocks surge, oil drops on OPEC report

NEW YORK: Global stocks strode higher on Friday, capping their best week since a record surge last November, as optimism that ailing U.S. banks are on the mend eased investor fears and snuffed the safe-haven appeal of government debt and the dollar.The price on benchmark 10-year U.S. Treasury notes fell late in the session as Wall Street trimmed earlier losses, curbing bids for less risky assets going into the weekend.