Stocks rebound on earnings, stabilized Treasuries

Oct 24 - Global stocks advanced on Tuesday as positive corporate earnings spurred some investor risk appetite, although caution remained given the war in the Middle East and looming make-or-break data for the outlook for U.S. interest rates.

The MSCI All-World index rose 0.6%, marking its first daily rise since Oct. 17, while an index of Asia-Pacific shares outside Japan edged above a one-year low. The STOXX 600 added 0.6%, as declines in banking shares such as Barclays were offset by gains in the likes of luxury group LVMH and Swiss computer parts maker Logitech .

THE 5% CLUB Global bond yields have surged higher in recent weeks, in part because of a growing belief that central banks will have no room to cut interest rates until well into 2024. Investor attention will be split this week between the earnings of high-profile companies, such as Microsoft , Facebook parent Meta Platforms and Amazon , as well as a slew of economic data ahead of the Fed's meeting from Oct. 31 to Nov. 1.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10-yr Treasury yield passes 5%, stocks at seven-month lowsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Wall St opens lower as 10-yr yield hits 5%; Big Tech earnings in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Rising bond yields, Middle East conflict weigh on European stocksKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »