Stocks Rally as Investors Regain Some Nerve; Israel Conflict Rages On

A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan, on July 14, 2022. Issei Kato/Reuters

LONDON—Global stocks rose on Tuesday, as a wave of risk appetite swept through markets after Federal Reserve officials signaled the recent yield surge could justify caution on interest rates, while oil eased, but violence in Israel made for nervy trading.

The MSCI All-World index rose for a fifth day, up 0.5 percent, after having hit five-month lows last week, thanks in part to a 1.6 percent rise in Europe’s STOXX 600.