European Markets Take a Bounce After Three Days of Downside Action

“European stocks rose for the first time in three days and U.S. equity-index (IBEX) futures gained before a data on American payrolls and manufacturing. Copper advanced, while the yen weakened to the lowest since April 2010 against the euro.

The Stoxx Europe 600 Index added 0.3 percent at 7:35 a.m. in New York, after gaining as much as 0.5 percent. Standard & Poor’s 500 Index futures increased 0.3 percent. Spain’s IBEX 35 Index fell to a one-month low after regulators lifted a ban on short selling, while stocks inShanghai capped the best week since October 2011 as manufacturing expanded. The yen sank 1 percent to 125.73 per euro. The 10-year Treasury yield climbed two basis points to 2 percent. Copper rose 0.5 percent….”

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