Stocks Rally With U.S. Futures; Commodities Drop: Markets Wrap

Stocks Rally With U.S. Futures; Commodities Drop: Markets Wrap

(Bloomberg) -- Stocks rebounded Friday and U.S. equity futures rose after Wall Street halted a three-day slide on signs of a strengthening economic recovery. Sliding commodity prices helped soothe some concerns about inflation risks.

MSCI Inc.’s Asia-Pacific share gauge advanced more than 1%, led by Japan, bringing some relief after a bruising week in which worries about price pressures sapped equities. Singapore’s index fell as the island-state enacted new restrictions to curb a flareup in virus cases.

European futures climbed along with S&P 500 and Nasdaq 100 contracts after rallies in indexes overnight. Industrial and financial shares outperformed, while energy producers joined a slump in oil.