© Reuters. A board shows stock information at a brokerage office in Beijing, China January 2, 2020. REUTERS/Jason Lee
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By Amanda Cooper
LONDON (Reuters) – Global stocks traded at two-year highs and the dollar edged up on Tuesday ahead of a Federal Reserve meeting, while Asian equities took a knock from the court-ordered liquidation of Chinese property giant Evergrande.
U.S. Treasuries benefited from a flurry of buying, pushing yields lower, which in turn kept the dollar in a tight range, after the Treasury Department said it would need to borrow less than it previously thought.
The MSCI All-World index was narrowly in positive territory at its highest since January 2022.
But markets are edgy as tension escalated in the Middle East, keeping oil above $80 a barrel, while investors pondered how the Evergrande Group court order might impact China’s fragile property market.
China stocks are already heading for a 4% drop…
