Global stocks, dollar rise; investors eye earnings
NEW YORK Stocks rallied on Tuesday as investors looked past U.S. President Donald Trump's protectionist rhetoric and focused on encouraging economic data and quarterly earnings reports.
TOKYO Global economic growth has decelerated and advanced economies need to step up the pace of policy reforms to rebuild confidence, the International Monetary Fund's steering committee said on Saturday.
"Global growth has decelerated and substantial uncertainties and downside risks remain," the IMF's steering committee said in its communique.
"We need to act decisively to break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth."
(Writing by Emily Kaiser; Editing by Edmund Klamann)
NEW YORK Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks.
NEW YORK The U.S. dollar firmed against the yen and euro on Tuesday, after several days of losses in the wake of President Donald Trump's inaugural speech promising more trade protectionism, with the U.S. economic outlook still seen as better than that of Europe or Japan.