In European Equity Markets the pan-European Stoxx 600 was up 0.9% at the closing bell, basic resources jumping 2.9% to lead gains as all sectors and major bourses traded in positive territory. France’s Valeo saw its shares gain 7.6% to top the Stoxx 600 by the end of trade, while French electronics group Thales saw its shares rise by 5.4% following strong first half results. At the other end of the European blue chip index, Danish medical equipment maker Ambu’s shares were down 6.8% at the closing bel

In Currency Markets the safe-haven dollar and yen fell on Wednesday as risk sentiment improved after global political worries eased with what markets perceived as positive news in Hong Kong, Italy and Britain. The yen fell against the dollar, which rose 0.3% to 106.27 yen. It also declined against the euro, which gained 0.7% to 117.045 yen. The euro also rose 0.4% versus the dollar to $1.1011 after comments from Christine Lagarde, who will likely be the European Central Bank’s next president, introduced some doubt over the scale of an ECB stimulus package expected next week.

In Commodities Markets oil prices rose nearly 3% on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses due to fears about a weakening global economy. Brent crude was up $1.55, or 2.66%, at $59.81 a barrel, while U.S. West Texas Intermediate futures gained $1.56, or 2.66%, to $55.50 a barrel. Global markets rebounded after a private survey showed that activity in China’s services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in more than a year.

In US Equity Markets stocks rose on Wednesday as upbeat data from China’s services sector eased concerns about a global economic slowdown, while Hong Kong’s withdrawal of a controversial bill supported sentiment. The S&P 500 was up 0.58%, at 2,923.15 and the Nasdaq Composite 0.72%, at 7,931.18. Tyson Foods Inc shares fell 5.2% to the bottom of the S&P 500 after the United States’ biggest meat processor cut its 2019 earnings forecast. PVH Corp jumped 3% as the Calvin Klein-owner’s chief executive officer, Emanuel Chirico, on Tuesday announced plans to buy company shares.

In Bond Markets the U.S. Treasury yield curve on Wednesday was its steepest in more than two weeks as risk sentiment improved, driving longer-dated yields higher, following the easing of geopolitical tensions in Hong Kong and Great Britain. The spread between two- and 10-year Treasury yields , the most commonly used measure of the yield curve, rose to its highest since Aug. 21 at 3.3 basis points. The curve inverted on Aug. 14 for the first time since 2007 – a widely accepted indicator of coming recession.