Reported 8 months ago
Global stocks rose with a rally in U.S. equities, and U.S. Treasury yields climbed while waiting for Federal Reserve comments. This was driven by technology and consumer discretionary shares gaining, with Goldman Sachs and Evercore ISI raising S&P 500 price targets. European stocks also edged higher, with hopes of a Fed rate cut. U.S. Treasury yields rose after a weekly drop, with markets expecting a rate cut in September. Various Fed officials will speak this week. Dollar weakened, and oil prices rose.
Source: YAHOO