GLOBAL MARKETS-Stocks climb on positive earnings, economic data; yields rise ...Middle East

MSCI's global equity index rose on Wednesday, hitting its highest level in almost two years, backed by positive earnings and economic data in both Europe and the United States as well as optimism China stimulus will support its stock markets. Treasury yields rebounded on Wednesday as investors demanded a higher risk premium after data showed U.S. business activity picking up in January and inflation appearing to abate before key data in coming days and a Federal Reserve meeting next week.

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