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.

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