LONDON/SINGAPORE—Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data.
The MSCI index of global shares rose 0.3 percent on the day, breaking two straight days of losses, but still headed for a near-3 percent weekly loss, after more big rate hikes from the Federal Reserve and the Bank of England.
On Friday, China reported its highest daily count of new local COVID-19 cases in six months, but equities still surged, pushing Shanghai’s CSI 300 up by over 3 percent. The Hang Seng rose 5.4 percent, bringing gains for the week to 8.75 percent, its strongest weekly performance in a decade….