Wall Street stocks rose on Wednesday, led by Alphabet’s 9% surge after a favorable antitrust ruling. Job openings dropped to 7.181 million, lower than the expected 7.378 million. A selloff in global long-term bonds caused Japan’s borrowing costs to hit record highs. Spot gold reached $3,577 as investors sought safe-haven assets.

Long-dated government bond yields surged, with Japan’s hitting 3.28%. Deutsche Bank CEO noted concerns over debt sustainability and political instability impacting bond markets. British and French governments face challenges in fiscal policy. U.S. Treasury yields fell as job openings declined, with the 30-year yield at 4.9%.

European stock markets remained optimistic for a U.S. rate cut, with the STOXX index up 0.66%. Asian markets, however, closed lower. European PMIs indicated economic concerns due to Trump’s tariff policies. Oil prices fell over 2% ahead of OPEC+ meeting to discuss production targets. Trump seeks expedited Supreme Court ruling on tariffs.

Read more at Yahoo Finance: Stocks rebound but soft US jobs data, global bond selloff keep investors on edge