Earnings feed global stock rally as bonds retreat: Markets wrap

Bloomberg.- The MSCI All-Country World Index and a gauge of German stocks headed for the highest closing level since 2015 as European equities were swept up in trades favoring banks and cyclical companies as the agents of economic growth. Bonds fell as investors rotated toward shares. The Mexican peso slumped after U.S. President Donald Trump said he plans to unveil actions that include steps toward building a border wall. A gauge of commodities dropped for the first time in three days as oil fell on increased U.S. stockpiles.