● Stocks Stage Positive Reversal, Wiping Out Early Losses | IBD
US stocks made several U-turns Thursday, eventually closing just above the break-even line.
● Data shows U.S. economy’s pulse is still strong | Reuters
The number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September, positive signals that helped ease fears over the economic outlook.
● WTI Rebound Above $80 Holds as Goldman Sees No Oil Glut | Bloomberg
West Texas Intermediate crude held gains above $80 a barrel as Goldman Sachs Group Inc. said the market isn’t oversupplied. Brent was steady in London.
● World braces as deflation tremors hit Eurozone bond markets | The Telegraph
Eurozone fears have returned with a vengeance as deepening deflation across Southern Europe and fresh turmoil in Greece set off wild moves on the European bond markets.
● Bank of England says keep interest rates low for now | BBC
Interest rates should remain low to avoid long-term economic stagnation, the chief economist at the Bank of England has said.