Global stocks higher on corporate earnings outlook and improved dollar
New York — Global equity markets edged higher on Tuesday amid a bright outlook for corporate earnings, while the dollar rose as concerns eased over a continuing China-US trade spat.Oil prices edged up after posting their biggest one-day fall in almost a year on Monday, though higher Russian output and Saudi Arabia possibly cutting its selling prices acted as a drag on crude trading.Financial markets remained cautious after China said Sunday it would raise tariffs on 128 US products, deepening a dispute between the world’s two biggest economies and stoking jitters about the potential impact of the trade stand-off on global growth.US treasury yields and benchmark German bunds rose as stock markets firmed and as investors looked ahead to Friday’s closely watched employment report for March. US yields had dropped to two-month lows on Monday, boosted by safe-haven buying as Wall Street reeled from a recent rout in tech shares.MSCI’s gauge of stocks across the globe gained 0.04% but the p...
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