An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange. File photo: BLOOMBERG via GETTY IMAGES/LUKE MACGREGOR
The Eurostoxx rose 1.1% in early trading while Britain’s FTSE 100 rallied 1.3% and Germany’s DAX 0.75%. Wall Street futures pointed to a strong start to trading. In Asia, stocks rose 1.1% as traders reversed course from the day before when a sharp sell-off took the regional benchmark to a 12-month low.
Oil also rebounded after steep falls in the previous session, as Opec prepares to meet on December 2. US West Texas Intermediate futures rose 3.88%, to $68.75 a barrel and Brent futures gained 4.17%, to $72.12 a barrel.Global markets had also come under selling pressure on Tuesday after Federal Reserve Chair Jerome Powell said asset purchases may need to be tapered faster to fight rising inflation.
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