Stocks Rebound Following a Tumultuous Week – Europe Market Wrap
A chaotic week in markets has ended on a muted note, with Friday trading witnessing weak equities volumes and tiny changes across stocks, bonds, and currencies.
US equities are close to recouping all of their losses from Monday’s market crash, with S&P 500 futures showing a 0.2% gain at the open. European markets are already up for the week as investors look for bargains amid the selloff. Treasury yields fell, and the Dollar weakened. The VIX Index held around 23.
US stock markets rebounded on Thursday after statistics showed fewer Americans claiming unemployment benefits, easing fears of a recession. The S&P 500 has lost only 0.5% of its value this week. Investors will be watching for next week’s data, which includes readings on US consumer inflation and retail sales.
The Stoxx Europe 600 index rose 0.8%, led by real estate and mining stocks. According to the data, trade volumes in European stocks were almost 35% below average.
