European stocks joined a rally across most Asian equities following three days of losses, though trading volumes were once again depressed. Havens including gold, the yen and bonds retreated even as the likes of Bridgewater Associates’ Ray Dalio said he was reducing risk.
The Stoxx Europe 600 Index rebounded from the lowest in more than a week as auto makers and miners led gains across almost every sector. U.S. equity-index futures were also in the green after the S&P 500 Index halted a two-day decline on Monday.
Investors seem to be getting over some of the sensitivity that characterized the past few days following political turmoil in Washington, fresh terrorist attacks in Europe.
Here are the main moves in markets:
The Stoxx Europe 600 Index increased 0.5 percent as of 9:43 a.m. in London.
The U.K.’s FTSE 100 Index rose 0.6 percent.
Germany’s DAX Index gained 0.6 percent.
Futures on the S&P 500 Index jumped 0.2 percent, the biggest increase in more than a week on a closing basis.
Currencies
The Bloomberg Dollar Spot Index rose 0.2 percent, the largest advance in a week.
The euro declined 0.4 percent to $1.1773.
The British pound declined 0.4 percent to $1.2854, the weakest in six weeks on the largest fall in a week.
Commodities
West Texas Intermediate crude gained 0.8 percent to $47.77 a barrel.
Gold fell 0.5 percent to $1,285.02 an ounce, the largest fall in a week.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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