Global Market Surge Amid Easing Trade Tensions
Global markets rose as easing trade tensions overshadowed concerns about U.S. Treasury yields. U.S. indexes gained over 2% following a tariff pause and consumer confidence boost. Global shares, including Europe and the UK, rose, while concerns about bond yields and oil prices persisted.
Global markets experienced a boost on Tuesday when easing trade tensions outweighed apprehensions about U.S. Treasury yields. U.S. President Donald Trump halted a potential tariff imposition on European goods, offering relief to investors.
Data released on Tuesday revealed a rebound in U.S. consumer confidence after months of decline, contributing to the truce between Washington and Beijing. This led to rallying U.S. indexes, with the S&P 500 and Nasdaq growing over 2% following Monday's holiday. European and UK shares also saw positive movement.
Despite the optimism, concerns lingered regarding bond yields and oil prices. The 30-year U.S. Treasury yields marked a significant drop, while oil prices experienced pressure as potential OPEC+ output increases loomed. As U.S. dollar strengthened, gold prices fell, reflecting market adjustments in response to the evolving economic landscape.
(With inputs from agencies.)
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