Global Stock Index Rises with Dollar, Yields as Data Calms Nerves

GLOBAL MARKET - NEW YORK. A closely followed global equities index jumped more than 1% on Thursday after lower-than-expected weekly U.S. unemployment claims calmed recession fears, also pushing Treasury yields higher alongside the U.S. dollar.

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