Stock market news: US futures may rebound after Wall Street bloodbath

Global stock markets seem to rebound Thursday with European indices in the green during trading morning, and US futures suggesting a positive opening after the bloodbath on Wednesday Wall Street.

On Wednesday, the Nasdaq lost more than 4% and the Dow Jones lost more than 600 points, or 2.4%. The fall of Nasdaq that day pushed the index into correcting territory.

On Thursday, however, US stocks seem to be outperforming, as futures markets point to a strong rally in all three major indices. The futures on the Dow and S & P 500 indices suggest a gain of 0.7% for the two respective indices, while the Nasdaq should rebound by more than 1.2%.

Shortly after 10:00 BST (5:00 GMT), the majority of European indices are also on the rise, with only the FTSE 100 of the United Kingdom lower, and even then only 0.3%. The Italian FTSE MIB leads the gains, up more than 1%, while the French CAC 40 is up 0.8%, and the German DAX – which started the day down 1% – is up 0.2%.

The rebound in Europe and North America comes after a difficult session in Asia, which saw Japan's benchmark, the Nikkei, lose nearly 4% of its value, and in October the stock markets suffered a cocktail of fears.

A combination of worries has weighed on global markets in recent weeks, with some fearing that the Federal Reserve's plans to raise interest rates will limit growth.

Adding to concerns, China announced last week that economic growth had fallen to the lowest level in a decade in the third quarter, exacerbating concerns over the country's economic slowdown.

"What makes the latest volatility even more troubling is that it's hard to pin down a specific cause," said Kerry Craig, global market strategist at JPMorgan Asset Management.

"There are many symptoms but no one can diagnose the disease," he said. "Geopolitics, rising US bond yields, a more hawkish US Federal Reserve, slowing Chinese growth, the strength of the US dollar, and the already well-known problems of some emerging economies have all contributed to market malaise. "

European stocks could see other price movements later in the day as they face the next October meeting of the European Central Bank this afternoon. The meeting should not contain big surprises as the policy and guidelines remain unchanged from the last meeting of the central bank in September.