Gold Silver Reports (GSR) – Stocks Regain Poise After Tech Turmoil; Bonds Gain — European stocks advanced with U.S. futures on Thursday after a mixed session in Asia, as equity markets limped toward the end of tumultuous quarter. Treasuries rose, tracked by core government bonds in Europe, while the dollar fell and the yen climbed.
The Stoxx Europe 600 Index headed for a third day of gains as most major country gauges in the region traded higher. Automakers led the way after Renault SA and Nissan Motor Co. were said to be in talks to merge. In Asia Japanese shares closed higher even as the yen retraced some of Wednesday’s slump, while stocks in China and Korea gained. Volumes were subdued, with many traders wrapping up ahead of a long weekend. Ten-year Treasury yields extended their drop below 2.8 percent.
For many investors the arrival of the holiday will be a relief following a roller coaster quarter in which stellar global equity gains gave way to a volatility blow up in February and a technology-led rout in recent days. Most Western markets are set to close for Easter on Friday and many European countries are also out on Monday.
“We’ve done some damage with the correction and it’s going to take some time to repair,” Bob Doll, portfolio manager and chief equity strategist at Nuveen Asset Management, told Bloomberg TV. “Expect choppy, sideways volatility.”
Elsewhere, West Texas oil reversed a gain to extend its losing streak. Gold fluctuated after Wednesday’s plunge, and Bitcoin fell past $7,500. – Neal Bhai Reports (NBR)
