World Stocks Struggle Back from Two-Month Lows, but Markets Remain on Edge

(From CNBC)

World stocks clawed their way back from two-month lows on Wednesday, though momentum was weak and U.S. futures suggested Wall Street could lapse back into losses after rebounding from the biggest sell-off in six years.

European shares opened firmer after plumbing six-month depths on Tuesday, the tail-end of a sell-off induced by a volatility spike that took Wall Street’s fear gauge, the VIX index, as high as 50, more than three times its closing level last Thursday.

That rout had wiped $4 trillion off world equities and sent investors scurrying for the safety of German and U.S. bonds, briefly reversing the steady rise in global yields.

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