NEW YORK - Global stocks rose while U.S. yields dropped on Tuesday as markets eyed upcoming economic data as well as a plethora of corporate earnings, brushing aside the political fallout from President Joe Biden's decision to end his reelection bid.Markets are also eyeing the release of the core personal consumption expenditures index which is due on Friday and is the Fed's preferred inflation measure. The yield on benchmark U.S. 10-year notes fell 3.5 basis points to 4.
MSCI's gauge of stocks across the globe rose 0.26% to 819.00. On Wall Street, all three major indexes were advancing with consumer discretionary and technology stocks leading the gains. In Europe, the pan-European"We've had a strong run up so far this year and a lot of the good news up until now is baked in, whether it's earnings related or rate-cut related," Latif added.