Global markets showed signs of stabilizing on Thursday, one day after a Wall Street swoon was prompted by worries about the relentless spread of the coronavirus.
European markets opened modestly higher on Thursday and seesawed between gains and losses during early trading. Most Asian stocks ended lower, but moderately, and mainland Chinese shares ended higher.
Futures markets were betting on further improvement later in the day. They were forecasting Wall Street would open less than 1 percent higher.
Other markets pointed to calm after Wednesday’s sell-down. Prices for U.S. Treasury bonds, long considered by investors as a safe place to park money in troubled times, fell in overnight trading, sending yields higher. Oil prices, which usually fall during times of economic doubt, were mixed.
Investors on Wednesday had been spooked by growing infections in Europe and the return of tighter containment efforts. The coronavirus also continues to spread in the United States. The S&P 500 index fell 3.5 percent on Wednesday, its worst decline since mid-June.