World markets ready for comeback as Trump's 'America First' seen fading

Skeptics say the recently-mighty dollar has lost its momentum, with rising nominal and real Treasury yields failing to spark gains

Don’t sleep on the rest of the world, even as the U.S. keeps setting stock-market records.

That’s the message coming from a host of Wall Street shops highlighting the potential for the America-first thrust in financial markets to reverse. While major US benchmarks rallied to fresh highs Thursday, gains in global equities have been even steeper this week, headlined by a 3.4 percent advance in Japan’s Nikkei 225 Index after a 3.5 percent jump last week.

The convergence across global assets will persist, say the chorus that includes BlackRock Inc., Bank of America Corp., JPMorgan Chase & Co. and Eaton Vance Corp.