London — World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in US bond yields towards the key 3% level stalled, while oil prices stretched to fresh highs above $75 a barrel. European stocks opened broadly higher with blue-chip stock markets in London and Frankfurt 0.3% higher, while shares in Paris were flat. Markets brushed off further signs that Europe’s biggest economy, Germany, is losing some of its momentum, with the Ifo business climate index falling in April. In Asia, Japan’s Nikkei added 0.9% as a lower yen supported export-heavy firms and Chinese shares posted their strongest gains in two months. That left MSCI’s world equity index marginally higher on the day after three days of declines. The recovery in stocks came as bond markets also bounced back from a sell-off. US 10-year treasury yields came within striking distance of the key psychological barrier of 3% on Monday, a level that, in the past...
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