European stocks bounce back while Treasuries advance

European stocks bounce back while Treasuries advance

Stocks















Bloomberg

Markets are showing signs of recovery as traders stepped in after a selloff sparked by hawkish minutes from the Federal Reserve.

Europe’s Stoxx 600 gained 0.4%, boosted by a rally in shares of Atlantia SpA, the billionaire Benettons’ highway and airport group. Atlantia added 10% in Italian trading after Global Infrastructure Partnersand Brookfield Asset Management Inc said they made a non-binding bid for the company.

S&P 500 contracts were little changed. Brent crude edged above $102 a barrel. Ten-year Treasury yields fall two basis points to 2.57%.

Global equity markets dived on Wednesday after Fed minutes showed officials were focused on tamping down inflation and outlined plans to pare the balance sheet by more than $1 trillion a year. The selloff spilled over into the Asia session, sending the MSCI benchmark down more than 1%.

Commodity markets continue to be whipsawed by disruptions sparked by Russia’s war in Ukraine and efforts to curb raw-material costs. Oil rallied, paring a slump that was triggered by the International Energy Agency’s decision to deploy 60 million barrels from emergency stockpiles.

In China, officials will use monetary policy tools at an “appropriate time” and