Stocks, U.S. equity futures rise as turmoil pauses - BNN Bloomberg

European shares added about 1 per cent, paring the longest run of quarterly losses since 2009. US equity futures also gained following another bruising session on Wall Street that took the S&P 500 down 2 per cent to the lowest in almost two years and sent the tech-heavy Nasdaq 100 tumbling almost 4 per cent. Government debt markets rallied.

The dollar weakened while the pound rose as investors weighed risks emanating from the debt crisis gripping the UK. The UK currency has staged an almost full recovery since the government announced sweeping UK tax cuts a week ago, surging 7 per cent from its all-time low of $US1.0350 set early Monday.

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