Premarket: Stocks climb, yields retreat from multi-decade highs

European stocks rose on Tuesday, extending a global equity rally as investors turned more optimistic ahead of earnings season, while easing pressure in longer-dated bonds and lower oil prices helped calm markets after last week’s fixed-income turmoil. The euro rose 0.2 per cent to 1.1239 after sliding ?to a 17-month ?low overnight, although concerns about the euro zone’s fiscal outlook persisted. A selloff in French bonds triggered by last week’s unpopular budget proposal showed signs of spreading across the euro zone at the start of this week. Political uncertainty also increased after Spanish Prime Minister Pedro Sanchez called a snap…