US stock futures extended gains and European shares rallied on Friday as traders struggled to make sense of wild price swings in the final sessions of the year. The yen posted some of the biggest gains against the dollar and gold climbed.
Futures on American equities headed higher following roller-coaster trading in the previous session that saw the biggest upward reversal in the S&P 500 since 2010. Gains in insurance companies and builders put the Stoxx Europe 600 Index on course for the largest one-day rally since April.
In Asia, Japanese shares declined, while stocks in China saw modest advances. Yields on 10-year Treasuries retreated and their Japanese counterparts dipped below zero. West Texas intermediate crude bounced with commodities and emerging market equities.
The last-minute rebound is doing little to mend the damage from the worst year for global stocks since 2008 and the gains in haven assets show investors are still looking for value in safer investments. Plenty of event risks loom in the coming quarter, from the UK vote on the Brexit deal to US-China trade talks to the continuing showdown between President Donald Trump and Congress over the budget.
Futures on American equities headed higher following roller-coaster trading in the previous session that saw the biggest upward reversal in the S&P 500 since 2010. Gains in insurance companies and builders put the Stoxx Europe 600 Index on course for the largest one-day rally since April.
In Asia, Japanese shares declined, while stocks in China saw modest advances. Yields on 10-year Treasuries retreated and their Japanese counterparts dipped below zero. West Texas intermediate crude bounced with commodities and emerging market equities.
The last-minute rebound is doing little to mend the damage from the worst year for global stocks since 2008 and the gains in haven assets show investors are still looking for value in safer investments. Plenty of event risks loom in the coming quarter, from the UK vote on the Brexit deal to US-China trade talks to the continuing showdown between President Donald Trump and Congress over the budget.
No comments:
Post a Comment