LONDON—World stocks extended their gains on Friday, on track for their biggest weekly rise this year, while the dollar held near 15-month lows as investors bet that the U.S. Federal Reserve was nearing the end of its rate-hiking cycle.
Data on Wednesday showed U.S. consumer prices growing at their slowest pace in more than two years, then on Thursday data showed the smallest increase in U.S. producer inflation in nearly three years.
