Thursday 8 October 2015

Global markets rally on US rebound

Global markets rallied on Wednesday as US stocks rebounded from the previous day's fall.

The MSCI All-Country World Index jumped 1 percent for a sixth day of gains, the S&P 500 rose 0.8 percent, the STOXX Europe 600 edged up 0.1 percent and the MSCI Asia Pacific Index jumped 2.1 percent.

The Bloomberg Commodity Index fell 0.2 percent though as oil fell.

Yields on US 10-year Treasuries increased four basis points to 2.07 percent.

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