New York — Stock prices across the world climbed to record highs on Tuesday on news eurozone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March. The revived possibility of a US rate hike next month, together with demand for risky assets, propelled bond yields higher but weakened gold prices. Oil futures rose more than 1% after Opec said it was sticking to its deal to reduce output. The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from US President Donald Trump and a Republican-controlled Congress. Details on US fiscal stimuli remained sketchy, but investors seemed patient for progress on these possible programs as they have been assuaged by upbeat company results. "It does seem like a rally feeding on itself. People are reluctant to sell into this rally," said John Canavan, mark...
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