· Asian shares rise on stronger global risk appetite as oil prices ease
Asian shares rallied on Thursday, taking heart from a late recovery on Wall Street after U.S. politicians appeared near to a temporary deal to avert a federal debt default and as Russia reassured Europe on gas supplies, calming volatile markets.
Oil prices also dropped back from multi-year highs hit a day earlier, having been a major contributor to this week's equities sell off, while U.S. benchmark Treasury yields and major currencies steadied amid the calmer mood.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.25% in early trade, regaining ground lost in recent days to be little changed on the week.
As oil prices came off on Thursday, there were gains in share benchmarks in Korea (.KS11) up 1.3%, Australia (.AXJO) up 0.64%, and Hong Kong (.HSI) up 2%.
Japan's Nikkei (.N225) rose 0.89%, and U.S. stock futures, the S&P 500 e-minis , gained 0.42%.
Chinese markets remained closed for a holiday.
Worries the U.S. would default on its debt, have weighed on stocks along with the rising energy prices.
The next U.S. event in focus for global investors is payrolls data due Friday, with investors anticipating that a reasonable figure will mean the U.S. Federal Reserve will begin tapering its massive stimulus programme at its November meeting.
· Evergrande shareholder Chinese Estates' stock soars on take-private offer
Shares of Chinese Estates Holdings, a former major shareholder of embattled developer China Evergrande, jumped as much as 31% on Thursday after it announced an offer to take the company private for HK$1.91 billion ($245 million).
· Bank of America upgrades Indian auto sector, sees more than 10% upside for two stocks
Bank of America upgrades Indian auto sector, sees more than 10% upside for two stocks. Bank of America analysts are expecting India's auto sector to perform well in the next 12 months and recommended two stocks with more than 10% upside
· Indonesian parliament passes major tax overhaul bill, VAT to rise next year
· European markets bounce back in rollercoaster week for stocks
European stocks rebounded on Thursday, continuing a week that has seen wild swings in global market sentiment and trading.
The pan-European Stoxx 600 added 1.2% in early trade, with utilities climbing 1.8% to lead gains as all sectors and major bourses entered positive territory.
The higher open for Europe on Thursday continues a trend of wild trading swings already seen in October. On Wednesday, negative sentiment characterized European market trades as U.S. Treasury yields briefly spiked, with inflation concerns weighing on global markets.
Sentiment turned positive after the benchmark U.S. 10-year Treasury yield retreated from more than three-month highs on Wednesday and U.S. stocks staged a comeback from their lows as investors bought the dip in technology names.
Back in Europe, earnings came from U.K. betting firm Ladbrokes on Thursday and data releases including Swiss unemployment for September, U.K. house price data from Halifax, German industrial output for August, French current account and trade balance figures for August and Italian retail sales for the same month.
Reference: CNBC, Reuters
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