Stocks edged higher and bond prices slid on Tuesday as markets continued to retrace last week’s moves to safe-haven assets, focusing on corporate earnings prospects and the resilience of the U.S. economy rather than tensions in the Middle East.
Europe’s broad STOXX 600 index rose 0.25%, a second day of gains, after Asian stocks had climbed earlier in the day, and the S&P 500 had closed up 1% on Monday. (.SPX), (.STOXX), (.MIAPJ0000PUS)
Those moves marked something of a reversal after world shares slid on Friday, as traders sought to derisk their positions heading into the weekend when there was scope for geopolitical developments when markets were closed.
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