Global Equities Edge Higher on Central Bank Rate Hikes
Global shares edged higher on Friday as late Wall Street gains offset European losses. Central banks worldwide escalated efforts to combat inflation through aggressive rate hikes, driving government bond yields higher.
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Global equities edged higher on Friday afternoon as Wall Street gains offset European losses, concluding a turbulent week defined by aggressive central bank tightening. The benchmark S&P 500 rose 0.17% and the Nasdaq Composite climbed 0.40% after reversing early session losses. The monetary pivot comes as protracted conflict in the Middle East keeps Brent Crude Oil above $100 per barrel and sustains inflationary pressures across major economies.
