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Global stocks rise amid oil drop and reduced AI worries
Global and U.S. stocks rose, supported by falling oil prices and investor optimism about the artificial intelligence sector, after positive earnings forecasts for technology companies eased concerns about slowing sales. The Euro Stoxx 600 index also rebounded by 0.7%, ending a two-day losing streak. Meanwhile, the bond market experienced volatility, with U.S. Treasury yields climbing to 5.24%, while German and British bond yields declined. Digital currencies like Bitcoin and Ethereum also increased. Technology companies moved toward stock trading or postponed their IPO plans, amid declines in telecommunications stocks and initiatives to fund Gulf technological investments.
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