World stocks upbeat on hopes for China re-opening, inflation peaking


LONDON: World equity markets rallied on Wednesday lifted by hopes that inflation is peaking and a re-opening of China's economy is near, with focus turning to U.S. Federal Reserve chief Jerome Powell who speaks later in the day.

The pan-European STOXX 600 index rallied 0.7% higher after three straight sessions in the red, while U.S. stock futures pointed to a firm open for Wall Street .

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