Global stocks hold gains as Fed holds rates

Global stocks maintained gains after the Federal Reserve kept interest rates steady. Meanwhile, oil prices jumped following supply concerns sparked by an attack on a Saudi refinery.

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A woman walks past an electronic screen displaying stock quotation board in Tokyo, Japan April 15, 2025. REUTERS/Issei Kato

Global equities held modest gains during Wednesday afternoon trade after the United States Federal Reserve left interest rates unchanged at 3.75%-4.00%. The decision arrived as investors braced for upcoming tech earnings and monitored supply risks in energy markets.