U.S. Equity Futures Rise; Oil Surges on China Move: Markets Wrap

(Bloomberg) — U.S. and European equity futures rose as investors showed tentative signs of edging back into riskier assets while continuing to assess the economic impact of efforts to contain the coronavirus. Oil surged after China unveiled plans to boost its reserves.Stocks in Asia were mixed, with declines in Japan and Australia, and gains in South Korea. Hong Kong fluctuated and Chinese equities edged higher. Futures on the S&P 500 advanced following another session of steep declines. Oil jumped about 7% with the world’s biggest importer taking advantage of a 60% plunge this year to add to stockpiles. Treasuries were …read more

Source:: Yahoo Finance

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