Global stock markets bounce higher; government bond yields tumble as oil slides – business live

Global stock markets have bounced higher, with investors seeming to shrug off concerns about the global economy. This is partly due to a decline in oil prices, which has led to a drop in government bond yields. The yield on the 10-year Bund, a key eurozone benchmark, has retreated 5 basis points to 3.48%, mirroring moves in other countries. This shift in bond yields is a positive sign for markets, indicating that investors are becoming more optimistic about the economy's prospects.

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The talks between US and Chinese officials have boosted market sentiment, and the upcoming summit may lead to positive developments. This could lead to increased investor confidence and higher stock prices.

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