2nd September 2015
Volatile European stocks firmed up on Wednesday as investors took stock of recent swings in equity prices.
The DAX rose by a third of one percent and the FTSE 100 was up 15 points after dropping 190 points, or three per cent, in the previous session.
Futures trading indicated US stocks were set to open higher on Wall Street, after the three main indices had all fallen by at least 2.8 per cent the day before.
Meanwhile, oil prices fell by more than two per cent, extending their run of losses from Tuesday, when US and Brent crude both fell by eight per cent.
Weak US manufacturing data coupled with figures showing a bigger-than-expected rise in US stockpiles hit oil as oversupply worries mount.
And the low price of crude has hit the Canadian economy, which slid into recession in the second quarter.
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