Global stocks mostly rose on Friday, extending a positive start to 2023.
The dollar is struggling to recover from losses against major peers after data showing slower inflation fuelled bets on a softer Federal Reserve approach to tightening monetary policy.NEW YORK - Global stocks mostly rose on Friday, extending a positive start to 2023, as Wall Street shrugged off early losses following mixed bank earnings and Europe cheered better-than-expected German economic data.
The market is"reasonably confident we're not going to see the worst-case scenario of a hard landing," O'Hare added. Shares in London closed 0.6 percent higher, while in Paris they rose 0.7 percent and in Frankfurt 0.2 percent. Most Asian markets tracked Thursday's New York rally, lifted also by optimism over China's reopening from the pandemic, though Tokyo shares dropped as a strong yen fanned fears that major exporters could suffer.
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