Global Stocks, Wall Street up After Powell Says Rates to Rise

Global Stocks, Wall Street up After Powell Says Rates to Rise
People walk by an electronic stock board of a securities firm in Tokyo, Japan, on Jan. 12, 2022. Koji Sasahara/AP Photo
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BEIJING—Global stocks and Wall Street futures advanced Wednesday after Federal Reserve chairman Jerome Powell said U.S. monetary policy would return to normal and interest rates might be raised earlier than planned.

London and Frankfurt opened higher. Shanghai, Tokyo, and Sydney advanced.