Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish

Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish
Men walk past an electric board displaying Nikkei and other countries' indexes outside a brokerage in Tokyo, Japan, on Jan. 16, 2023. Kim Kyung-Hoon/Reuters
Reuters
Updated:

LONDON/SINGAPORE—Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally.

MSCI’s world share index rose 0.37 percent, heading back towards the nine-month high it hit in early February, and Europe’s STOXX 600 index gained 0.85 percent to a fresh nine month peak.