Global Stock Markets Recover On Back Of Crude Oil Prices

After a battering Tuesday, Asian stock markets broadly recovered in Wednesday trade, led by the energy sector as oil prices rebounded amid optimism over a deal to freeze crude production. European stock markets also opened higher after ending Tuesday at multi-week lows.

Japan’s benchmark index, the Nikkei 225, closed 0.11 percent lower after a turbulent session. The strength of the yen against the dollar, currently near an 18-month high, has been pressuring Japanese stocks even as the rest of the region makes gains.