After a three-day rout that erased nearly $3 trillion in value from stocks globally, markets other than China’s on Tuesday showed signs that selling pressures were easing.
Oil rebounded from a six-year low as European stocks rallied with U.S. equity-index futures following Monday’s rout though concerns persisted over China’s growth and global oversupply.
European shares, oil and the dollar extended gains in mid-session trade on Tuesday as a market rebound gathered pace after China cut interest rates and bank reserve requirements to stimulate its wavering economy.
Tomorrow's Important Events
- 12:30 (GMT 3) Durable Goods Orders
- USDJPY: 120.03
- EURUSD: 1.149
- S&P 500: 1,893.21
- NASDAQ : 4,526.2