In European Equity Markets closed slightly higher Wednesday, as concerns of a political crisis in the euro zone’s third-largest economy eased. The pan-European Stoxx 600 closed up almost 0.3 percent, with sectors mixed and most major bourses in positive territory. Among national indexes, Italy’s FTSE MIB bounced back 2 percent higher after registering sharp losses in recent days. British discount retailer B&M was among Europe’s top performers after reporting a 25 percent rise in full-year profit on Wednesday. Shares of the firm rose 4.5 percent.

In Currency Markets the U.S. dollar fell on Wednesday as the euro recovered from 10-month lows after reports that Italy’s biggest party would make a renewed attempt to form a coalition government and end months of political turmoil. The single currency, which fell to a 10-month low of $1.1510 on Tuesday, rose as much as 0.9 percent to a session high of $1.1647 on Wednesday. It remains down 4 percent this month against the dollar. The Canadian dollar rose as much as 1.2 percent on Wednesday after the country’s central bank held interest rates steady but suggested that it could raise rates soon, possibly as early as July.

In Commodities Markets oil climbed to $76 a barrel on Wednesday, supported by tight supplies despite expectations OPEC and its allies will pump more in the second half of 2018 and helped by forecasts U.S. inventories fell. Global benchmark Brent crude has fallen more than $4 from a 3 1/2-year high of $80.50 a barrel on May 17, after reports that OPEC and Russia may increase supply at a June meeting, reversing policy after 17 months of supply curbs. Brent rose 83 cents to $76.22 a barrel, after trading as low as $74.81 earlier. U.S. crude was up 40 cents at $67.13.

In US Equity Markets stocks advanced on Wednesday, with gains in energy and banking shares aiding the recovery from a steep selloff in the previous session due to concerns over Italy’s political crisis. The S&P 500 was up 0.94 percent, at 2,715.27 and the Nasdaq Composite rose 0.81 percent, at 7,456.18. The S&P energy index jumped 2.7 percent, providing the biggest boost to the S&P 500. Cloud-based business software maker Salesforce.com rose 2.3 percent, while computer and printer maker HP Inc jumped 3.5 percent after raising full-year profit forecasts.

In Bond Markets U.S. Treasury yields rose on Wednesday, reversing losses the previous session fueled by the Italian political crisis and in line with gains in Europe, as global equities stabilized and investors decided Tuesday’s moves were a little overdone. U.S. benchmark 10-year Treasury yields on Tuesday had posted their largest one-day decline in nearly two years, while those on two-year notes had their largest one-day decline in more than nine years. In midd-day US trading, U.S. 10-year yields rose to 2.844 percent, from Tuesday’s 2.768 percent.