Global stocks climb after Monday's drop

Global equity indexes mostly rose on Tuesday, with Wall Street rebounding from a weak start to the year.

NEW YORK: Global equity indexes mostly rose on Tuesday, with Wall Street rebounding from a weak start to the year, and oil prices settled up 5% after news that Saudi Arabia will make voluntary cuts to its oil output in February.

Investors anxiously awaited the results of two Senate runoff races in the state of Georgia on Tuesday that are expected to determine the balance of power in Washington.