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Global stocks hit record highs, dollar rises on rate-hike view
Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to a six-year high, while the dollar gained after hawkish comments from Federal Reserve officials. The revived possibility of a U.S. rate hike next month, together with demand for risky assets, weighed on gold prices. It also propelled bond yields higher before they retreated on safe-haven demand as polls showed anti-EU and anti-immigrant Marine Le Pen holding her lead in the first round of the French presidential election. Oil futures rose after OPEC said it was sticking to its deal to reduce output. The ... (full story)
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