Asian and European stocks rally to track dramatic late-day rebound in US markets (Trista Kelley/Business Insider: Finance)

Trista Kelley / Business Insider: Finance
Asian and European stocks rally to track dramatic late-day rebound in US markets – The Euro Stoxx 50 and most major regional benchmarks posted gains of at least 1.2% in the first hours of trading on Friday, following a 0.4% rise in the Shanghai Composite Index. The increases come after a sharp rebound in US trading on Thursday, where stocks erased sharp losses in …