With benchmark US Treasury yields declining and the dollar weakening for a while, Wall Street equities are seen taking advantage of the opportunity to profit.
Ahead of Federal Reserve (Fed) Chairman Jerome Powell's speech on Thursday, Treasury yields were seen easing after hitting a 3-month high with the 10-year yield at 3.28%.
The streak saw Wall Street equities take advantage with the Dow Jones Industrial Average up 1.4% at 31,581.28, the S&P 500 up 1.83% at 3,979.87 and the Nasdaq Composite adding 2.14% at 11,791.90.
Turning to the European zone, the STOXX 600 index lost 0.57% while MSCI's gauge of worldwide shares gained 1.06%.
In the Asian region, the Nikkei 225 rose 1.62% while the Topix jumped 1.6% while South Korea's Kospi climbed 0.33% and the S&P/ASX 200 reached 0.41%.
Commenting on the head of global strategy of LPL Financial, Quincy Krosby, based on the oversold stock situation, it gives the impression that there will be a rebound soon.
Even so, investors are still not ruling out the possibility of an aggressive interest rate hike, as much as 75 basis points, with Powell expected to confirm that view.
Not to be forgotten, the European Central Bank (ECB) will also announce an increase in interest rates tonight.
For commodities, Brent crude fell $4.83 to $88, its first dip below $90 since February 8, while WTI was down $4.94 to $81.94.
Spot gold was up 0.9% at $1,716.70 per anus.
