The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
* U.S. housing starts rise, jobless claims fall more than expected
* Cisco, Walmart shares rise after earnings, buoy Wall St
* Germany's DAX jumps, leads European markets higher
* Trade in focus after latest U.S. sanctions on Huawei
* Oil prices rise as Middle East conflict intensifies (Updates with afternoon U.S. trading)
NEW YORK, May 16 (Reuters) - World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations.
A spike in U.S.-China tensions over import tariffs has convulsed markets recently as investors seek to parse statements from government leaders to gauge the direction of negotiations.
News that U.S. President Donald Trump is expected to delay auto tariffs appeared to improve the trade tone on Wednesday, but later in the day the Trump administration hit Chinese telecoms giant Huawei with severe sanctions.
"The market is really having a hard time pricing in this trade war," said Mark Hackett, chief of investment research at Nationwide. "There was a belief earlier in the week that it was going to be catastrophic and we have gained back all of that decline. In my opinion, it is probably a little too optimistic to declare victory."
On Wall Street, the Dow Jones Industrial Average rose 234.92 points, or 0.92%, to 25,882.94, the S&P 500 gained 30.83 points, or 1.08%, to 2,881.79 and the Nasdaq Composite added 85.78 points, or 1.1%, to 7,907.92.
Shares of Cisco Systems and Walmart both gave boosts to the S&P 500 and the Dow after their respective earnings reports. Cisco shares rose 7.0% and Walmart rose 2.2%.
The Philadelphia semiconductor index fell 1.8% following the Huawei news.
The pan-European STOXX 600 index rose 1.27%.
Germany's DAX jumped 1.7%, fueled by news of corporate deals. Thyssenkrupp shares rose 9.4% after Reuters reported Finnish company Kone is assessing a bid for the German conglomerate's elevators division.
MSCI's gauge of stocks across the globe gained 0.72%.
U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought. In a separate report, the number of Americans filing applications for unemployment benefits fell more than expected last week.
U.S. Treasury yields rose following the strong economic data.
Benchmark 10-year notes last fell 6/32 in price to yield 2.398%, from 2.379% late on Wednesday.
The U.S. dollar rose against a basket of currencies as investors focused on trade war tensions, while the euro was hurt by concerns about next weeks European parliamentary elections.
The dollar index rose 0.23%, with the euro down 0.21% to $1.1177.
"The risk is that we get more populist comments, such as from the Italian deputy PM," said Credit Agricole FX strategist Manuel Olivieri. "Italy remains one of the factors keeping euro downside risks high."
Oil prices jumped as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure.
U.S. crude rose 1.37% to $62.87 per barrel and Brent was last at $72.88, up 1.55% on the day.
(Additional reporting by Karen Brettell in New York, Saikat Chatterjee in London; editing by Larry King and Dan Grebler)