NEW YORK: Stock markets around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply.
All three major U.S. indexes closed up more than 2 percent, putting them higher for the week, following share rebounds in China and Europe. Increased appetite for risk sent government bonds and the Japanese yen down Wednesday while the dollar rose.
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