Stocks rose on Tuesday, with the US market enjoying a second day of gains.
The S&P 500 rose 0.8 percent to help pull the MSCI All-Country World Index up 0.3 percent.
The rally in US stocks appears to be turning analysts more optimistic.
“We’re slowly but surely finding a bottom in this selloff,” said Tim Ghriskey, managing director and chief investment officer at Solaris Asset Management.
“This is a market that’s been selling off very hard and is probably short-term oversold,” said Alan Gayle, a senior strategist for Atlanta-based Ridgeworth Investments.
However, other markets remain in a downtrend.
WTI crude oil fell 3.1 percent on Tuesday while Brent fell 2.2 percent.
Other commodities also fell to push the Bloomberg Commodity Index down 0.9 percent to extend its lowest level since March 1999.
Yields on 10-year US Treasury notes dropped seven basis points to 2.11 percent.
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