BEIJING—Shares were higher in Europe and Asia on Friday after Wall Street declined on worries that the U.S. economy is headed for recession.
U.S. futures were little changed while oil prices advanced.
Traders worry the Federal Reserve and central banks in Europe and Asia that have raised interest rates to cool economic activity and inflation that is at multi-decade highs might be willing to tip major economies into recession.
A Fed board member, Lael Brainard, and President Christine Lagarde of the European Central Bank, in separate appearances Thursday, affirmed plans to keep interest rates elevated despite market hopes plans might be scaled back due to indications activity might be cooling….