Global stocks advanced toward record highs as the S&P 500 and Nasdaq 100 climbed, supported by falling oil prices and rising bond yields. Brent crude dropped below $100 per barrel, while US Treasuries edged higher after 10-year yields reached a 2002 peak. The dollar remained steady.
In Europe, the Stoxx 600 rose 0.8%, aiming for its first three-day winning streak in a month, with bonds in France and Italy outperforming. The euro stabilized after hitting a 17-month low. Investors focused on strong corporate earnings and AI-driven investment rather than inflation concerns.
Stephan Kemper of BNP Paribas Wealth Management noted that earnings growth, not valuation expansion, is fueling the rally. US futures rose 0.2%, and the Nasdaq 100 was set to extend its record run. The report was produced with Bloomberg Automation.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing