LONDON—World stocks rallied on Wednesday, putting aside worries about rising interest rates, for now, to take some comfort from positive headlines on Ukraine and upbeat earnings, while a semblance of calm returned to battered sovereign bond markets.
The pan-European STOXX 600 climbed 1.4 percent, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5 percent to a two-week high and the blue-chip Nikkei closed just over 1 percent higher.
