Global stocks climb, yields retreat from multi-decade highs
With earnings season approaching, Goldman Sachs estimates S&P 500 earnings will grow 27%, with more than half of the growth driven by companies benefiting from AI infrastructure spending.
European markets advanced on Tuesday, joining a global equity rally as traders grew more confident ahead of the upcoming earnings season. Bond markets calmed after recent turmoil, and the euro gained against the dollar. One reason for the optimism is Nvidia, the world's most valuable company and a leading indicator for the AI sector, which surged in premarket trading to potentially reach a market value of $5.8 trillion.
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- Global stocks climb, yields retreat from multi-decade highs freemalaysiatoday.com
