In European Equity Markets the pan-European Stoxx 600 closed up 0.53 percent with the majority of the sectors in positive territory. The positive news out of China pushed basic resources to trade over 1 percent higher. The FTSE 100 in London, which is heavily influenced by mining stocks, ended the day 0.87 percent higher. JC Decaux rose 7.07 percent after a ratings upgrade by Berenberg bank said that the possible entry of Google in the outdoor ad market in Europe could support the company.

In Currency Markets the euro recovered on Thursday from its weakest since late June 2017 and the dollar fell after news that a Chinese delegation will travel to the United States for trade talks, with investors buying back into currencies hit hard in the recent sell-off. Many emerging market currencies also rose, clawing back some of Wednesday’s losses thanks to easing fears over the knock-on effects from a slide in the Turkish lira. The euro rose 0.2 percent to $1.1367, away from Wednesday’s low of $1.1301.

In Commodities Markets oil rose as global markets steadied on Thursday, recovering some of the previous day’s 2 percent slide, though a weakening outlook for crude demand kept prices in check. The oil market had felt the effects on Wednesday of a large build in U.S. inventories that added to concern over the outlook for fuel demand, while crude was also swept lower by broader selling of industrial commodities such as copper. Brent crude oil futures were up 39 cents at $71.15 a barrel, while U.S. crude futures rose 14 cents on the day to $65.15.

In US Equity Markets stocks rose in a broad-based rally on Thursday, helped by robust earnings from Walmart and Cisco and easing trade worries after China and the United States said they would hold talks later this month. Walmart shares jumped 9.5 percent, the most on the S&P 500, after the retailer said U.S. comparable sales grew the most in a decade and posted strong e-commerce sales. The S&P 500 was up 0.89 percent, at 2,843.53 and the Nasdaq Composite rose0.87 percent, at 7,841.65. All of the 11 major S&P sectors were higher.

In Bond Markets U.S. Treasury yields were steady on Thursday, after edging higher overnight on reports of new trade talks between the United States and China, as global trade tensions remained the main investor focus. Benchmark 10-year notes were last down 3/32 in price to yield 2.861 percent, up from 2.851 percent on Wednesday but down from a high of 2.886 percent overnight. Benchmark yields fell to their lowest levels in almost four weeks on Wednesday on concerns about the Turkish crisis hitting other emerging markets.