Global Stocks Rise After Fed Sees Inflation Improving

A person wearing a protective mask moves past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo on Feb. 2, 2023. Eugene Hoshiko/AP Photo

BEIJING—Global stock markets and Wall Street futures rose Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned.

London and Frankfurt opened higher. Shanghai and Tokyo advanced. Oil prices rose.