Global stock markets recorded gains after investors responded positively to strong corporate earnings, even as tensions in the Middle East continued supporting higher oil prices.

European markets advanced, while U.S. stock futures also traded higher following record performances on Wall Street.

Technology shares led gains across several major exchanges as investors remained optimistic about continued growth in artificial intelligence and cloud computing.

Financial stocks also performed well, supported by expectations that higher interest rates could continue benefiting bank earnings.

Oil prices recovered after earlier declines, with Brent crude and U.S. crude futures rising because of concerns over potential disruptions to global energy supplies.

Analysts said geopolitical developments remain a significant driver of investor sentiment and commodity prices.

Bond markets remained volatile as investors assessed inflation risks and the outlook for central bank policy.

Higher long-term government bond yields reflected expectations that borrowing costs may remain elevated for longer than previously anticipated.

Market experts believe corporate earnings will continue guiding investor confidence during the current reporting season, although geopolitical risks and energy prices remain important factors influencing global financial markets.

Source: Reuters, Associated Press