Dust Settles on Stocks Surge, Oil Market Waiting for OPEC+ Supply Decision

People pass by an electronic screen showing Japan's Nikkei share price index inside a commercial building in Tokyo, Japan, on Sept. 22, 2022. Kim Kyung-Hoon/Reuters

LONDON—World stocks clung to two-week highs on Wednesday, although another aggressive rate increase from New Zealand tempered the idea that central banks may be close to slowing down the pace of rapid monetary tightening.

Oil prices were little changed before the OPEC+ producers’ meeting after gaining more than 3 percent in the previous session.