European stocks are set to
rebound on Friday, tracking sharp overnight gains in the U.S market and a rise
in Japanese shares on Friday.
Financial bookmakers expected
Britain's FTSE 100 .FTSE to open up as much
as 4.9 percent,
Germany's DAX .GDAXI to open as much as 5.9 percent higher and
France's CAC-40 .FCHI to be up as much as 5.2 percent at the open.
The FTSEurofirst 300 of top European companies fell 5 percent on
Thursday. The benchmark index has fallen 43 percent so far this year.
U.S. stocks lept on Thursday, as investors snapped up beaten-down shares the
day after Wall Street's worst day since the 1987 stock market crash while
consumer companies gained as the price of oil fell CLc1. Japan's Nikkei
average rose more than 2 percent on Friday .N225.
----------------------MARKET SNAPSHOT AT 0520 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 .SPX 946.43 4.25 % 38.59
NIKKEI .N225 8,641.71 2.17 % 183.26
MSCI ASIA EX-JP .MIASJ0000PUS 298.23 0.10 % 0.31
EUR/USD 1.3495 0.10 % 0.0014
USD/JPY 101.54 -0.09 % -0.0900
10-YR US TSY YLD 3.943 -- -0.03
10-YR BUND YLD 4.065 -- 0.00
SPOT GOLD $805.85 0.17 % $1.35
US CRUDE CLc1 $72.97 4.47 % 3.12
--------------------------------------------------
* US STOCKS-Market ends sharply higher on bargain hunting [ID:nN16428000]
* Nikkei up but trims gains, economy worries weigh [ID:nT266474]
* Dollar up after choppy trades on safety demand [Id:nT136513]
* Oil jumps more than 4 pct on late Wall St rally [ID:nN16417066]
* Treasuries-Supply worries knock down T-bills [ID: nLH108561]
* Gold bounces from 1-month low on firm oil, equities [ID:nSP380430]