Shares and Bonds Keep On Climbing as Fed Pivot Rally Rolls On

A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, on March 22, 2023. Issei Kato/Reuters

SYDNEY/LONDON—Shares and bonds on Friday globally continued to bask in the glow of Wednesday’s Fed meeting, with MSCI’s world share index set for a seventh straight winning week, its longest run in six years, and the benchmark 10-year Treasury yield below 4 percent.

Europe’s broad STOXX 600 benchmark rose 0.37 percent to a 23-month high, and S&P 50 futures rose 0.2 percent after the benchmark had reached its highest since January 2022 on Wednesday around 2 percent off an all time high.