Global stocks rose on Tuesday after three days of declines, supported by a recovery in gold prices and a trade deal between the United States and India that boosted investor confidence.
Indian markets rose sharply after President Donald Trump announced tariff cuts on Indian goods in exchange for New Delhi halting purchases of Russian oil and easing trade barriers.
Global sentiment was also bolstered by lower volatility and a recovery in previously depressed assets, including silver and copper, while the MSCI All-World index and European and Asian stock markets posted strong gains.
Gold and silver prices rose after earlier sharp declines, with analysts saying the sell-off was more due to the unwinding of overbought positions than a change in market fundamentals.
In currency markets, the Australian dollar strengthened on the back of a rate hike by the Reserve Bank of Australia, while the US dollar weakened slightly. In Japan, Japanese markets faced pressure on expectations of an election victory for Prime Minister Sanae Takaichi.
