International Market Rebound

By: Associated Press Email
By: Associated Press Email

International stock markets are headed back up today after recent sharp declines.

Most Asian and European markets rebounded Friday after sharp declines in recent days as investors scooped up battered financial and technology shares.

Major Asian benchmarks opened lower after Wall Street tumbled to multiyear lows yesterday but climbed into positive territory in afternoon trading. Oil prices, which had fallen below $49 a barrel to three-year lows in early trading, also bounced back.

Futures trading suggests Wall Street will open higher today.

But analysts say there's still a lot of uncertainty in the markets.

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