World Stock Recovering

World stocks rose more than 2 percent, recovering a bit from recent weakness, and the euro rallied on Wednesday on hopes that major central banks might act to bolster a slowing global economy.
Brent crude jumped above $100 a barrel, while gold hit a one-month high, leading a broad rally in the commodities sector. Silver soared 4 percent for its largest gain in three months and copper gained 3 percent.


"Since we're likely to see more economic weakness in the months ahead, it's reasonable for the markets to assume the chance of an ECB rate cut has gone up," said Robert Tipp, chief investment strategist for Prudential Fixed Income, with $330 billion in assets under management.