Global stocks hit record highs, dollar rises on rate-hike view

Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March. The revived possibility of a U.S. rate hike next month, together with demand for risky assets, propelled bond yields higher but weakened gold prices.

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