London — World shares climbed for a third day on Tuesday, as China promised fiscal action to support the world’s second-largest economy, and stellar results from internet giant Alphabet underpinned the tech stocks. Global bonds remained under pressure on speculation that the Bank of Japan may soon trim its massive stimulus. The euro was choppy as a dip in French business confidence was offset by signs of strength in German manufacturing. European stocks were also up, partly thanks to some upbeat results from UBS, automotive firm PSA ,and chip maker AMS, but also just riding in the slipstream of Asia’s and Wall Street’s overnight gains. China’s government bond yields jumped and the offshore yuan hit a one-year low after Beijing’s cabinet said it would pursue a more vigorous fiscal policy and as traders bet on further easing in monetary conditions. Shanghai blue chips closed up 1.5% at a one-month high and Japan’s Nikkei had added 0.5%, even though a disappointing reading on factory a...
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