Global stocks churn tracking BoE rate hike

Beijing Global stock markets rose Friday before a US jobs update that could influence interest rate plans after Britain’s central bank raised its key lending rate. London, Shanghai, Paris and Tokyo advanced. Oil prices advanced. Wall Street futures rebounded.

US stocks fell for a third day Thursday after the Bank of England raised its main lending rate to a 15-year high and indicated it could stay high for a while.

Investors were rattled Wednesday when Fitch Ratings cut its credit rating on US government debt, though analysts said it made little difference. Investors were waiting for a US government update on the unexpectedly strong labor market.