(Bloomberg) — Global equities powered higher, with US futures pointing to another record for Wall Street, as investors continued to bet on falling interest rates and a strong earnings season.
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Europe’s Stoxx 600 index climbed 0.5%, with banking, real estate and tech stocks among those leading the advance. Futures contracts on the Nasdaq 100 index rose 0.6%, while those on the S&P 500 climbed 0.3%, after it became the last of the three major US equity benchmarks to reach a record closing high.
Equity markets have shrugged off January’s rise in bond yields on optimism over the US economy’s resilience, conviction that central banks will start cutting interest rates later this year and signs the artificial-intelligence boom is set to continue. Meanwhile, results from a majority of S&P 500 companies have surprised positively during the latest earnings season.
“We are heading into an environment where the…
