World Stocks Firm, Nikkei Closes at 33-year Peak

A woman uses a mobile phone in front of an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan, on June 14, 2023. Kim Kyung-Hoon/Reuters

LONDON—World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, drawing support from signs that cooling inflation might temper central banks’ appetite to further hike rates.

European shares rallied, while U.S. equity futures pointed to a positive open for Wall Street which closes early ahead of Tuesday’s July 4 holiday.