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]
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