Global stocks were on course for their first weekly rise this month, as traders questioned whether an economic slowdown would temper central banks’ plans for aggressive monetary policy tightening.
The FTSE All-World index of developed and emerging market shares had registered a weekly gain of 2.4 per cent by Friday morning in London, having not ended a week on a positive note since late May.
Europe’s regional Stoxx 600 share gauge added 0.5 per cent in early dealings, while futures trading implied Wall Street’s blue-chip S&P 500 and the technology-focused Nasdaq 100 would turn higher later in the day. Hong Kong’s Hang Seng index rose 2 per cent.
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