LONDON—World stocks rallied to their highest levels since late 2022 on Wednesday, with year-end optimism high on hopes that major central banks such as the U.S. Federal Reserve will start cutting interest rates early next year.
U.S. stock futures were flat a day after the S&P 500 touched its highest intraday level since January 2022. European shares were a touch higher, with trade generally subdued given public holidays across the region on Monday and Tuesday.
