Global stocks climbed and yields on longer-term US and German government debt rose as investors brushed aside political risks and pinned their hopes on a swift rebound for economies rocked by the coronavirus pandemic.
The S&P 500 index was up 1.2 per cent on Wall Street, on track to notch a fourth straight day of gains. The tech-weighted Nasdaq gained 0.6 per cent to within a couple of percentage points of an all-time high.
The Vix volatility index, a measure of expected swings in the S&P over the next 30 days, fell 3.3 points to 25.88, its lowest level since late February.
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