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Global Stocks, commodities regain footing after dropping on trade worries

Reuters  |  NEW YORK 

By Hilary RussNEW YORK (Reuters) - Stock markets around the world bounced back on Thursday, with U.S. gains led by merger activity and earnings optimism that offset concerns over an escalating U.S. trade battle with China that had weighed on markets a day earlier.Metals also rebounded, with bargain-hunting investors scrambling to buy, while oil prices struggled to hold on after clawing back big losses. Stocks on Wall Street got a boost from technology and industrial shares. CA Inc jumped 18.1 percent after chipmaker Broadcom announced a surprise $18.9 billion deal to buy the U.S. business ...

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First Published: Thu, July 12 2018. 21:35 IST