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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

European Stocks rebound as oil prices retreat and U.S. futures rise

A2D News Desk

European stocks opened higher Monday as Brent crude fell about 2% to around $102 a barrel, easing some concerns about inflation and bond-market pressure. Markets also responded to signs that Saudi supply flows could recover and Gulf crude exports were holding up better than feared.

The rebound followed a sell-off Friday that pushed major European indexes down more than 1%. S&P 500 futures rose about 0.5% and Nasdaq futures 0.7%, while German 10-year yields eased to 3.47%; U.S. Treasury yields remained near 4.97%.

Read the full story at investinglive.com.

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