Markets stabilised somewhat on Thursday. The STOXX Europe 600 fell 0.4 percent but the S&P 500 ended flat after recovering from a 1.5 percent fall earlier in the session.
The US 10-year Treasury yield rose 2 basis points to 2.16 percent and West Texas Intermediate rose 1.1 percent.
US economic data on Thursday were mostly positive. Industrial production rose 1.0 percent in September. Initial claims for jobless benefits decreased by 23,000 to 264,000 in the week ended 11 October.
The Philadelphia Federal Reserve’s factory index dipped to 20.7 in October from 22.5 in September and the National Association of Home Builders/Wells Fargo housing market index fell to 54 in October from 59 in September.
In China, a report on Thursday showed that banks extended 857.2 billion yuan in new loans in September, up from 702.5 billion yuan in August. Aggregate financing stood at 1.05 trillion yuan in September compared with 1.4 trillion yuan a year ago.
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