BLOOMBERG.COM
Stocks rebounded from one-week lows in Europe and Asia as oil rose as industry data showed U.S. crude stockpiles fell. The pound advanced after setting fresh three-decade lows for two days. The Stoxx Europe 600 Index gained for the first time this week and emerging markets gained amid a subdued outlook for higher U.S. rates after Federal Reserve minutes showed officials were losing confidence in the economy’s ability to withstand a hike. U.S. equity index futures were little changed, while crude approached $48 a barrel. Sterling rallied after tumbling 2.7 percent against the dollar on Tuesday and Wednesday.
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Stocks rebounded from one-week lows in Europe and Asia as oil rose as industry data showed U.S. crude stockpiles fell. The pound advanced after setting fresh three-decade lows for two days. The Stoxx Europe 600 Index gained for the first time this week and emerging markets gained amid a subdued outlook for higher U.S. rates after Federal Reserve minutes showed officials were losing confidence in the economy’s ability to withstand a hike. U.S. equity index futures were little changed, while crude approached $48 a barrel. Sterling rallied after tumbling 2.7 percent against the dollar on Tuesday and Wednesday.
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