Global equities rose, U.S. Treasury yields turned higher, and the dollar strengthened as positive economic data and strong earnings boosted investor confidence. Manufacturing output and single-family homebuilding increased. Wall Street’s major indexes saw substantial gains. The Fed’s data and optimistic housing and industrial production reports indicated potential slowed rate cuts. Oil and gold markets showed mixed responses.
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A