European Stocks Buck The Trend, Rally After Overnight Asia Rout

UPDATE: 5:40 a.m. EST — A global rout that pushed Asian bourses deep in the red overnight eased during early trade in Europe Friday, as investors took heart from a slight rebound in oil prices. Brent crude, the international oil benchmark, gained $1.26 to $31.32 a barrel in London, a day after it dropped 2.5 percent to $30.06. 

In early trading, the pan-European Stoxx 600 was up 2.12 percent. Germany’s DAX was up 1.73 percent and the U.K.’s FTSE 100 leapt 1.5 percent. France’s CAC 40, meanwhile, advanced 1.67 percent.