Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March.
The revived possibility of a U.S. rate hike next month, together with demand for risky assets, propelled bond yields higher but weakened gold prices.
Oil futures rose more than 1 percent after OPEC said it was sticking to its deal to reduce output.
The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S. President Donald Trump and a Republican-controlled Congress.
The revived possibility of a U.S. rate hike next month, together with demand for risky assets, propelled bond yields higher but weakened gold prices.
Oil futures rose more than 1 percent after OPEC said it was sticking to its deal to reduce output.
The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S. President Donald Trump and a Republican-controlled Congress.