U.S. stocks end higher
Bond yields tumble again but remain high
Oil prices fall; eyes remain on IsraelHamas war
NEW YORK, Oct 11 Reuters Global stock indexes rose on Wednesday as minutes from the last U.S. Federal Reserve meeting showed policymakers on cautious footing last month, while benchmark 10year Treasury notes fell to about a twoweek low as fighting continued between Palestinian militants and Israel.
Oil prices extended declines from Tuesday, when a top OPEC producer Saudi Arabia pledged to help stabilize the market. Prices had spiked on Monday in the wake of Hamas39; weekend attack on southern Israel.
Israel formed an emergency unity government on Wednesday as its jets pounded Gaza and tanks massed around the Palestinian enclave.
Minutes from the Fed39;s Sept. 1920 meeting released Wednesday showed policymakers weighing the uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact of labor union strikes.
On balance, the minutes show officials turning far more concerned about downside risks to the U.S. economy but also expressing humility in the face of deeply confusing and often contradictory signals in the data, said Karl Schamotta, chief market strategist at Corpay in Toronto.
There was slight market reaction to earlier data that showed U.S. producer prices increased more than expected in September but that underlying inflation pressures at the…