Euro Fluctuates as Traders Weigh Draghi's Expanded Easing Hint

The shared currency erased losses versus the dollar just hours after European Central Bank President Mario Draghi said the central bank may reconsider its policy stance in March amid a deteriorating economic outlook and turmoil in global markets. The euro remained lower versus the currencies of commodity exporters, including Canada, South Africa and Australia, as risk assets rallied. Policy makers are struggling to lift inflation,...

Oil Surges Above $30 on ‘Oversold’ Conditions, Libya Attacks

Oil futures jumped on Thursday, rebounding on the back of what analysts referred to as “oversold” conditions, as reports of attacks on Libyan oil terminals reminded the market of the risks to supplies in the Middle East. Advances for oil came despite a hefty increase in weekly U.S. crude inventories. The natural-gas market, meanwhile, mulled their own supply data, which revealed a smaller-than-expected weekly decline. March West Texas...

Asian Futures Point to Rebound Amid Oil Jump, Stimulus Prospects

Asia is set to get another shot at a market rebound, with equity-index futures signaling gains from Japan to Hong Kong amid signs Europe and Asia will act to thwart further volatility by increasing stimulus and after crude oil rallied. Nikkei 225 Stock Average futures jumped in Osaka as gains in U.S. and European stocks burnished sentiment, diminishing the appeal of haven assets like the yen. New Zealand and Australia benchmarks opened...

U.S. Stocks Rebound as Oil Surges; Treasuries Slip With Gold

U.S. stocks overcame an afternoon slump to rebound from the lowest level in 21 months, as crude surged toward $30 amid signals from China and Europe that officials will add to stimulus if needed. Treasuries fell with gold as haven demand waned. The Dow Jones Industrial Average rose 115 points in a seesaw session that had the gauge erase almost all of a 270-point rally before ending higher. Investors piled into risk assets, boosting...

U.S. Stocks Rally, Led by Energy Shares Amid Stimulus Prospects

U.S. stocks rose, with the Standard & Poor’s 500 Index recovering from a 21-month low, as investors weighed the potential for additional stimulus measures amid uncertain prospects for global growth. Chevron Corp. climbed 2.6 percent and Home Depot Inc. surged 4.2 percent as energy and consumer discretionary companies paced the rebound from yesterday’s selloff. Banks also bounced, with Wells Fargo & Co. up 2 percent. Verizon...