Global Stocks Follow Wall Street Higher on Interest Rate Hopes

People are reflected on a glass window of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo on March 3, 2023. Eugene Hoshiko/AP Photo

BEIJING—Global stock markets advanced Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared.

London, Shanghai, Frankfurt, and Tokyo gained. Oil prices edged higher.