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Global stocks rebound as Wall Street futures gain after holiday

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Global stocks rebounded Tuesday as Wall Street futures moved higher after a U.S. market holiday.

London and Frankfurt opened higher. Tokyo, Hong Kong and Sydney gained while Shanghai declined. Oil prices climbed above US$110 per barrel.

“The modest equity market recovery continues in Asia, thanks to U.S. index futures grinding higher,” Jeffrey Halley of Oanda said in a report. Investors worry efforts by U.S. and European central banks to cool inflation that is running at a four-decade high might derail global economic growth.

 

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