World markets bounced on Tuesday

U.S. equity futures jumped with European stocks after a brutal sell-off in Chinese equities halted on Tuesday and as investors gauged the latest efforts to contain the deadly coronavirus. Commodities rallied, from crude oil to coffee.

Stocks

  • The Stoxx Europe 600 Index surged 1% as of 10:34 a.m. London time.
  • Futures on the S&P 500 Index rose 1.1%.Nasdaq 100 Index futures jumped 1.2%.
  • The MSCI All-Country World Index rose 0.4%.The MSCI Asia Pacific Index surged 1.1%.

Currencies

  • The British pound climbed 0.1% to $1.3008.
  • The euro dipped 0.1% to $1.1051.
  • The Japanese yen weakened 0.3% to 109.03 per dollar.
  • The offshore yuan strengthened 0.2% to 6.9966 per dollar.

Bonds

  • The yield on 10-year Treasuries climbed five basis points to 1.58%.
  • Germany’s 10-year yield rose three basis points to -0.41%.
  • Britain’s 10-year yield gained four basis points to 0.555%.

Commodities

  • West Texas Intermediate crude surged 1.5% to $50.87 a barrel.
  • Gold weakened 0.4% to $1,570.46 an ounce.
  • LME copper surged 2.4% to $5,658 per metric ton.

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