Sydney: Stocks in Europe rallied along with U.S. futures, trimming losses after a slew of declines across assets on Tuesday, while Asian shares were mixed. Treasuries edged lower and the dollar slipped. Technology shares and car companies led an advance in the Stoxx Europe 600 Index, with contracts on the S&P 500, Dow and Nasdaq all pointing to a firmer open. The plunge in Apple Inc.’s stock hit suppliers in Asia after all major U.S. benchmarks fell more than 1.5 percent Tuesday. The euro pushed higher on reports the Italian government may be open to budget revisions, while Italian bonds gained. Gold held steady.

Traders are having to contend with President Donald Trump’s trade war, which shows no sign of abating, as well as concerns that corporate earnings may have peaked. Despite Trump’s pleas for lower rates, the Federal Reserve still appears set to tighten again in December, a move that may weigh on growth and a headache for holders of some $5 trillion in corporate bonds that have been sold by S&P 500 companies in the past decade.

Elsewhere, WTI oil halted a slide near $54 a barrel as investors weighed industry data that showed U.S. crude inventories unexpectedly fell last week against doubts over OPEC’s plans to cut output. Bitcoin stabilized after the recent sell-off.

The Stoxx Europe 600 Index gained 0.4 percent as of 8:04 a.m. London time. Futures on the S&P 500 Index rose 0.5 percent. The MSCI All-Country World Index dipped less than 0.05 percent to the lowest in more than three weeks. The MSCI Emerging Market Index climbed less than 0.05 percent.

The Bloomberg Dollar Spot Index dipped 0.1 percent. The euro jumped 0.2 percent to $1.1393. The Japanese yen declined 0.1 percent to 112.85 per dollar. The British pound rose 0.1 percent to $1.2804. The MSCI Emerging Markets Currency Index decreased less than 0.05 percent.

The yield on 10-year Treasuries rose one basis point to 3.08 percent, the biggest advance in more than two weeks. Germany’s 10-year yield rose two basis points to 0.37 percent, the largest rise in almost three weeks. Britain’s 10-year yield increased two basis points to 1.401 percent. The spread of Italy’s 10-year bonds over Germany’s fell 10 basis points to 3.1615 percentage points.

The Bloomberg Commodity Index gained 1.1 percent. West Texas Intermediate crude increased 1.4 percent to $54.20 a barrel, the largest climb in seven weeks. LME copper increased 0.6 percent to $6,220.00 per metric ton. Gold climbed 0.1 percent to $1,223.42 an ounce.

This story has been published from a wire agency feed without modifications to the text.