Global Shares Edge Up as Fed Pause Bets Bolster Sentiment

A man walks past an electric monitor displaying Japan's Nikkei share average and recent movements, outside a bank in Tokyo, Japan, on June 5, 2023. Issei Kato/Reuters

LONDON, TOKYO—Global equities were set for a small weekly gain on Friday following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about U.S. markets being drained of cash.

MSCI’s broad index of global shares edged 0.2 percent higher, on track for a weekly rise of 0.6 percent.