NEW YORK—An index of world stocks rose on Jan. 7, extending strong gains logged last week as investors took heart from last week’s robust U.S. employment data and a message from the U.S. central bank that it would be patient and flexible in policy decisions this year.
Growing bets the Federal Reserve will halt its multi-year rate hike cycle sent the dollar lower across the board, while rising equity markets and support from OPEC production cuts helped lift oil prices.
