Global Stocks and Bonds Rise as Oil Prices Retreat
Global stocks and bonds rose as Brent crude fell to $114 while the yen jumped following Japanese intervention. Strong tech earnings also boosted major indices.
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Global equities rose and bond yields fell on Thursday as Brent Crude Oil dropped 3.4% to $114.01 per barrel. The United States and Israel conflict with Iran has driven oil volatility since late February. Lower energy costs and strong tech earnings are offsetting geopolitical risks and a hawkish shift from the Federal Reserve.
