Dow's recovery helps shore up markets around the world

LONDON – Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 per cent to 10,867 while the CAC 40 in France advanced 1.3 per cent to 4,841. Britain’s FTSE 100 jumped 1.3 per cent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 per cent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 per cent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 per cent to 5,681.50. South Korea’s Kospi rose 0.3 per cent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 per cent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

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