Technoglitch
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A rebound in global stocks gained traction amid speculation losses that triggered a bear market were excessive. China’s yuan jumped by the most since a dollar peg was scrapped in 2005, while the yen retreated with gold as haven assets fell out of favor.
The Stoxx Europe 600 Index was headed for its biggest two-day advance in more than four years, while the MSCI Asia Pacific Index jumped the most since 2009 as Japan’s Topix soared 8 percent.The Shanghai Composite Index declined as trading resumed after the week-long Lunar New Year holiday, while the yuan climbed to its strongest level of the year as China reported a record trade surplus. U.S. crude slipped to about $29 a barrel, after a 12 percent surge on Friday that burnished investor sentiment.
Global Stocks Extend Rebound as Yen, Gold Fall; Oil Near $29 - Bloomberg Business
The Stoxx Europe 600 Index was headed for its biggest two-day advance in more than four years, while the MSCI Asia Pacific Index jumped the most since 2009 as Japan’s Topix soared 8 percent.The Shanghai Composite Index declined as trading resumed after the week-long Lunar New Year holiday, while the yuan climbed to its strongest level of the year as China reported a record trade surplus. U.S. crude slipped to about $29 a barrel, after a 12 percent surge on Friday that burnished investor sentiment.
Global Stocks Extend Rebound as Yen, Gold Fall; Oil Near $29 - Bloomberg Business
