Global stocks take a rollercoaster ride as investors chase ‘oil-usive’ recovery

Global stocks experienced a mixed performance yesterday, as investors sought recovery from the significant drop in the previous session, induced by a sharp dip in oil prices. The 10-year US Treasury note, which reached a 16-year high on Tuesday, experienced a retreat after a disappointing US recruitment report surfaced.

Adam Sarhan of 50 Park Investments stated that investors are entering a situation now where any negative economic data or soft economic data will likely be viewed as bullish for stocks.

US stocks managed to reverse a three-day downward trend, with the tech-heavy Nasdaq advancing by 1.4%. Both the Dow Jones Industrial Average and the S&P 500 reported gains, while European indices remained largely unchanged. Japan’s Nikkei, however, suffered a slump.

The 10-year Treasury note, a key indicator of interest rates, has recently…