SINGAPORE
Global stocks rose on Tuesday, taking some heart from a series of robust earnings, while simmering hostilities between the U.S. and Iran over the Strait of Hormuz kept the oil price well above $100 a barrel. Traders also had their eyes on the yen after the Japanese currency briefly jumped in the previous session, stoking speculation of another round of intervention from Tokyo. In Europe, the STOXX 600, rose 0.5%, lifted by brewer Anheuser-Busch, which beat forecasts with first-quarter results, and by shares in Italian lender Unicredit, which reported record quarterly profits. The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait of Hormuz with duelling maritime blockades, not long after U.S. President Donald Trump launched a new effort to get stranded tankers and other ships through the vital energy-trade chokepoint.