World Shares Advance After Fed Steps Up Stimulus Pullback
A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI) (L) and the foreign exchange rate between U.S. dollar and South Korean won (C) at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Dec. 16, 2021. Ahn Young-joon/AP Photo
Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus.
Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced.
