Scoreboard: Homes fire

Wall Street rebounded overnight, helped by good news on US house prices and strong corporate earnings. Emerging market fears subsided.

Global stocks rebounded overnight, maybe not enough to offset the losses of the prior two sessions, but it’s a start. At least it’s not another sell-off. Obviously there’s been an abatement of this whole emerging market rout, for now, although for how long is anyone’s guess.

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