The MSCI All-World index rose for a fifth day, up 0.5%, after having hit five-month lows last week, thanks in part to a 1.4% rise in Europe's STOXX 600.
The Israeli military has since said it called up an unprecedented 300,000 reservists and was imposing a total blockade on the Gaza Strip, raising expectations of a possible ground assault. Israeli markets and the shares of companies exposed to Israel have been hit hard. The shekel, which hit a near-eight year low against the dollar the day before, was down 0.3% on the day, while the cost of insuring against the risk of sovereign default surged to its highest since 2016.
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Stock Market Today: Stocks higher, Treasury yields retreat as global markets settleA big pullback in Treasury bond yields, as well as Israel's securing of its southern border with Gaza, has stocks moving cautiously higher in early Tuesday trading.
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