Stocks and Oil Rally Ahead of Key US Jobs Data

Silhouettes of passerby are seen as they stand in front of an electric monitor displaying Japan's Nikkei share average and world stock indexes outside a brokerage in Tokyo, Japan, on Oct. 21, 2022. Issei Kato/Reuters

LONDON/SINGAPORE—Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data.

The MSCI index of global shares rose 0.3 percent on the day, breaking two straight days of losses, but still headed for a near-3 percent weekly loss, after more big rate hikes from the Federal Reserve and the Bank of England.