BEIJING—Global stock markets advanced Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared.
London, Shanghai, Frankfurt, and Tokyo gained. Oil prices edged higher.
Wall Street rose Thursday for the first time in three days after the president of the Federal Reserve Bank of Atlanta, Raphael Bostic, expressed support for raising the Fed’s key lending rate less than many investors are forecasting. Bostic said the Fed might be able to suspend additional rate increases by mid-year, sooner than some expect.
Stocks advanced following those “dovish comments,” said Anderson Alves of ActivTrades in a report….