LONDON/SINGAPORE/TOKYO—Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10 percent plunge a day earlier.
The single currency traded at $1.025, a fraction above its weakest level since late 2002 touched overnight as fears of a slowdown and rising commodity prices weighed.
Government bond yields across the euro area nudged up too, and European stocks also making gains, while Brent crude bounced almost 3 percent after slumping on Tuesday 9.5 percent to its lowest in 2–1/2 months.
The broad Euro STOXX 600 rose 1.9 percent, with indexes in Frankfurt and Paris up 1.7 percent and 1.9 percent respectively. Retail and travel and leisure stocks led the gains….