Global Stock Index Rises With Dollar, Yields As Data Calms Nerves

GLOBAL MARKET - NEW YORK. A global equities gauge was up more than 1% on Thursday after lower-than-expected U.S. unemployment claims calmed recession fears and Treasury yields rose alongside the dollar.

Oil prices were eyeing a third straight day of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their lowest levels since early 2024 at the start of the week.