NEW YORK: Global stocks mostly rose on Tuesday as markets embraced better coronavirus case counts in some hotspots, while oil prices slumped amid skepticism over an historic agreement by petroleum producers.
Analysts considered the China trade data much better than expected, but some questioned whether investors were getting ahead of themselves in bidding up equities. Earnings results from large banks also raised red flags, with JPMorgan Chase and Wells Fargo both setting aside billions of dollars to cover potential loan defaults.
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