New York — Equity markets around the world climbed to approach a six-month high on Tuesday, buoyed by a rebound in Chinese stocks, while corporate earnings helped push Wall Street’s benchmark S&P 500 index towards record levels.Oil prices advanced as the US revived sanctions against major crude exporter Iran.The rise in stock prices prompted investors to sell safe-haven investments ahead of the first piece of this week’s $78bn quarterly government refunding, sending US treasury yields higher. "It’s the bounce in stocks and other risky assets that caused an uptick in yields," said Mike Lorizio, head of US treasuries trading at Manulife Asset Management in Boston.The Dow Jones Industrial Average rose 171.68 points, or 0.67%, to 25,673.86, the S&P 500 gained 11.49 points, or 0.40%, to 2,861.89 and the Nasdaq Composite added 20.95 points, or 0.27%, to 7,880.63.MSCI’s gauge of stocks across the globe gained 0.61%, while the pan-European FTSEurofirst 300 index rose 0.72%. Powered by gains...
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