European equities gained while Asian stocks advanced, rebounding from their worst day since the aftermath of the Brexit vote, as crude oil held onto a recovery. The pound retreated with the Bank of England expected to cut interest rates.
The European index rose 0.5 percent as of 8:07 a.m. in London. The MSCI Asia Pacific Index gained 0.6 percent, following last session’s 1.9 percent slide. The index, which jumped 5.8 percent in July, is down about 1 percent this week.
Japan's Nikkei share average gained on Thursday as bargain hunting prevailed during a see-sawing session, while refiner Idemitsu Kosan slid as its takeover bid for a Showa Shell hit an obstacle.
The Nikkei closed up 1.1 percent at 16,254.89 to rise for the first time in three days. The index initially fell to a 3-week low of 15,921.04 in nervous trade before Friday's U.S. jobs data, with the break below the 16,000 threshold generating future-led bargain hunting.
Aug 4 China stocks ended Thursday roughly flat, even as most other Asian markets rallied, with investors put off by signs that Beijing is trapped between unappealing policy alternatives as it battles to stimulate the sluggish economy.
The blue-chip CSI300 index rose 0.2 percent, to 3,201.29, while the Shanghai Composite Index gained 0.1 percent to 2,982.43 points
Reference: Bloomberg, Reuters
Reference: Reuters
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