y of a rate cut, while yields on US Treasuries rose.
"Investors are taking comfort in what appears to be a Fed that is contemplating cutting rates if the economy materially slows down," said Michael Geraghty, equity strategist at Cornerstone Capital Group in New York. A bounceback in US internet-related stocks helped the equity rally following a sell-off in those names Monday that was tied to worries about a clampdown on the world's internet and social media giants.
The pan-European STOXX 600 index rose 0.59 percent and MSCI's gauge of stocks across the globe gained 1.37 percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: