LONDON—Global stocks rose on Friday, on course for their best month since late 2020, as eurozone growth beat expectations, while the dollar staged a recovery from the day’s lows as traders await fresh U.S. data for clues to the outlook for rates.
As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any perceived softening in sentiment on the part of policymakers.
After Thursday data showed the U.S. economy contracted in the second quarter, stocks rose as traders bet rates would rise more slowly. Eurozone numbers on Friday, meanwhile, beat expectations, yet recession fears are mounting as energy inflation continues to bite in the face of conflict in Ukraine….