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European Stocks, U.S. Futures Rise After Days of Falls

European stocks rose Thursday after Asian markets slipped, while futures signaled Wall Street would gain after days of declines.

In Europe, the Stoxx Europe 600 was up 0.4% in early trading, trimming some of the losses it suffered Wednesday.

In the U.S., futures pointed to opening rises of 0.3% for the Dow Jones Industrial Average and 0.4% for the S&P 500.

In Asia, the Shanghai Stock Exchange was down 0.3% and Hong Kong’s Hang Seng Index dropped 0.2%. Japan’s Nikkei was down 0.3%, amid fears of a prolonged trade dispute between the U.S. and China and its effects on the global economy.

For days, markets have been dropping, threatening a possible end to their bullish run as investors sold stocks and sought safety in bonds.

Some economists have said worries may be exaggerated, particularly regarding how serious the U.S.-China spat may be.

Aaron Anderson, senior vice president of research at Fisher Investments, said investors should consider President Trump’s likely willingness to resolve matters with China ahead of the U.S. election campaign in 2020.

“He would much rather go into that campaign season with some sort of trade victory than continuing to be embroiled in this trade spat with China,” Mr. Anderson said.

As a sign market participants were taking a less bearish stance Thursday, the yield on 10-year U.S. Treasurys ticked up to 2.275%, from 2.238% Wednesday. Bond yields and prices move in opposite directions.

The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was flat.

Investors were awaiting the second reading of first-quarter U.S. economic growth later Thursday. The first reading showed gross domestic product rose at a 3.2% annual rate despite slowing consumer and business spending.

Global benchmark Brent crude oil was up 0.5% at $68.21 a barrel. Gold prices, which tend to rise when investors are worried, were down 0.5%.
Source: Dow Jones

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