LONDON—Global shares rose to 14-month highs on Friday, as investors took the view that the Federal Reserve may not need to raise rates much more, while the dollar headed for its biggest weekly slide since January.
The MSCI All-World index was up 0.2 percent, around its highest since mid-April 2022.
This has been an intense week of central bank decisions, with the Fed, the European Central Bank and the Bank of Japan on the docket. All three stuck to the script, delivering exactly what the market had priced in—in the case of the Fed and the BOJ, no change in rates, and the ECB, a quarter-point rise….