Global stocks rallied on Friday for a second day on hopes cooler U.S. inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years. Crypto exchange FTX filed for U.S. bankruptcy and founder Sam Bankman-Fried stepped down as chief executive, while oil prices jumped after health authorities in top global crude importer China eased some of the country’s heavy COVID-19 curbs.
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