(Bloomberg) — European equities and U.S. futures erased declines on Thursday as investors shrugged off accelerating coronavirus infections in some countries. Treasuries trimmed their advance.
The Stoxx Europe 600 reversed its earlier decline, as tech and retailer shares turned higher. Contracts on the main U.S. equity benchmarks came off their session lows to notch modest gains. Asian stocks mostly fell amid a cluster of infections in Beijing that emerged after a lull of nearly two months. The pound weakened ahead of a Bank of England decision; policy makers are expected to add to economic stimulus. Crude oil prices erased earlier