MSCI's gauge of stocks across the globe gained 2.26%, while the pan-regional FTSEurofirst 300 index closed up 2.90% and emerging market stocks rose 2.32%.The Dow Jones Industrial Average rose 526.82 points, or 2.04%, to 26,289.98. The S&P 500 gained 58.15 points, or 1.90%, to 3,124.74, and the Nasdaq Composite added 169.84 points, or 1.75%, to 9,895.87.
NEW YORK/LONDON: Risk appetite found new life on Tuesday on a record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment, driving global equity markets higher and boosting the dollar.
U.S. Treasury yields rose, as did demand for lower-rated southern European debt on the upbeat sentiment, although safe-haven gold was spurred higher in see-saw trade on a fresh coronavirus outbreak in China.
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