Stock markets around the world moved higher on Friday following signs of progress in US-China trade talks, while the British pound fell.
Improved risk sentiment helped buoy benchmark US yields as demand decreased for safe-haven bonds.
MSCI’s gauge of stocks across the globe gained 0.64 per cent and tallied its biggest quarterly percentage rise since 2010, rising 11.6 per cent.
The Dow Jones Industrial Average rose 211.22 points, or 0.82 per cent, to 25,928.68, the S&P 500 gained 18.96 points, or 0.67 per cent, to 2,834.4 and the Nasdaq Composite added 60.16 points, or 0.78 per cent, to 7,729.32.
In a closely watched initial public offering, shares of ride-hailing company Lyft Inc rose 8.7 per cent in their market debut.
The pan-European STOXX 600 index rose 0.60 per cent, reports Reuters.
In the US, benchmark 10-year notes last fell 4/32 in price to yield 2.4033 per cent, from 2.389 per cent late Thursday.
With the pound sliding, the dollar index, which measures the greenback against a basket of currencies, rose 0.06 per cent, with the euro down 0.03 per cent to $1.1217.
Oil prices rose as US sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy.
US crude settled up 1.4 per cent at $60.14 per barrel and Brent settled at $68.39 per barrel, up 0.8 per cent.
