Global Stocks Tepid Before US Jobs Test; Dollar Stands Tall

Global Stocks Tepid Before US Jobs Test; Dollar Stands Tall
A man looks at an electronic board displaying Japan's Nikkei index outside a brokerage in Tokyo, Japan, on Aug. 29, 2022. Kim Kyung-Hoon/Reuters
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LONDON, TOKYO—Global equities were set to end the first week of 2023 on a tepid note and the dollar stood tall as fears of higher U.S. interest rates hit market sentiment.

The MSCI World equity index traded steadily on Friday, on course for its fifth consecutive weekly drop despite a brief rally earlier in the week.