Asian and European stocks rally to track dramatic late-day rebound in US markets

trader happy thumbs up approvalReuters / Kai Pfaffenbach

  • Asian shares jumped and European stocks soared, capping a tumultuous week of holiday trading in global stock markets.
  • European indexes have been battered more than the US this year, with worries about trade, Italy’s budget crisis, and rising interest rates weighing on sentiment.

The Euro Stoxx 50 and most major regional benchmarks posted gains of at least 1.2% in the first hours of trading on Friday, following a 0.4% rise in the Shanghai Composite Index.

The increases come after a sharp rebound in US trading on Thursday, where stocks erased sharp losses in a choppy trading session a day after a dramatic rally led Wall Street to its largest percentage gains in nearly a decade.

See the rest of the story at Business Insider

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