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GLOBAL MARKETS-Oil rebound buoys Wall St; bonds, gold erase gains
[Reuters - UK Focus] - A sharp rebound in crude prices lifted stocks on Wall Street on Wednesday, but a gauge of equities across the globe fell on lingering concern about economic growth. The S&P 500 climbed steadily after the U.S. gasoline data, turning positive just ahead of oil's close. "As much as it frustrates people, the reality is (oil and equities) are incredibly highly correlated and they have been really going back to November," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas.
GLOBAL MARKETS-Oil rebound buoys Wall St; bonds, gold erase gains - Yahoo Finance UK
[Reuters - UK Focus] - A sharp rebound in crude prices lifted stocks on Wall Street on Wednesday, but a gauge of equities across the globe fell on lingering concern about economic growth. The S&P 500 climbed steadily after the U.S. gasoline data, turning positive just ahead of oil's close. "As much as it frustrates people, the reality is (oil and equities) are incredibly highly correlated and they have been really going back to November," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas.
GLOBAL MARKETS-Oil rebound buoys Wall St; bonds, gold erase gains - Yahoo Finance UK
