GLOBAL MARKETS-Cheap stocks stoke buying, Spain yields hit record(update)

NEW YORK: Stocks on world markets rose on Tuesday as battered shares attracted traders and the euro rose after three days of losses, but the euro's gains were capped record-high yields of Spanish bonds on continued worries about the effectiveness of Madrid's bank bailout and the looming Greek elections.

Wall Street stocks rose more than 1 percent, led by cyclical sectors, while U.S. crude oil futures jumped after three days of declines.