World Stocks Recover on Ukraine Talks, Fed Hopes Buoy US Yields

The London Stock Exchange Group offices are seen in the City of London, on Dec. 29, 2017. Toby Melville/Reuters

LONDON/SHANGHAI—World stocks recovered ground on Wednesday as markets watched for signs of light in the Ukraine conflict, while Treasury yields hit their highest since mid-2019 in anticipation of the first U.S. interest rate hike in three years.

Chinese stimulus hopes also boosted stocks.