Global Headlines

Colombia’s stocks leaped by the most in over six years and bonds and the currency surged after right-wing outsider Abelardo de La Espriella unexpectedly won the first-round of voting for the presidency and went into the runoff as clear favorite against leftist Ivan Cepeda.

Treasuries sank as an impasse in negotiations between the US and Iran fueled concern that higher energy costs will stoke inflation and push the Federal Reserve to raise interest rates.

ERock Inc. is seeking to raise as much as $642 million from an initial public offering, joining a rush of listings ahead of SpaceX later this month.

Oil surged, erasing nearly all of last week’s losses, after an Iranian report implied talks between Tehran and Washington to end the months-long war are unraveling.