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.
- 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%.
- 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.
- 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%.
- 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.