Global investors are now starting to separate at least some of their allocations into the world’s two biggest markets—the U.S. and Europe.

Swiss authorities said Friday that they were no longer considering evacuating most residents in the vicinity of a collapsed glacier that destroyed a village, but that they remained vigilant.

Consumer sentiment edged up at the end of May, reversing losses from earlier in the month stemming from concerns over tariffs. The University of Michigan’s consumer sentiment index rose to 52.2 from ...