Global Markets Surge as Amazon Rallies and U.S. Treasury Yields Peak

Global markets experienced a surge as Amazon shares rallied, lifting stock indexes despite economic uncertainty. U.S. Treasury yields hit a four-month high amid caution over upcoming elections. Changes in labor market dynamics and fiscal policy are expected, while international tensions impact currency and commodity markets.

Global stock markets climbed on Friday, buoyed by a surge in Amazon.com shares following the company's impressive earnings report. Simultaneously, 10-year U.S. Treasury yields reached a four-month high as investors remain cautious ahead of the presidential election.

Despite disappointing U.S. jobs data, the unemployment rate held steady, signaling stability in the labor market. Nvidia's upcoming inclusion in the Dow Jones Industrial Average saw its shares rise, while Intel's dipped, reflecting broader market adjustments.

As fiscal policies face scrutiny, oil and currency markets react to geopolitical tensions, with Iran-Israel conflict influencing crude oil trends. A strong U.S. dollar also weighed on global currency dynamics and gold prices.

(With inputs from agencies.)