Market Rebound: The Bloomberg Open, Europe Edition

Good morning. Japanese stocks surge one day after a meltdown. Bill Gross says he’ll neither buy nor sell on the current moves. And China and the US are tied for golds.

What’s Happening Now

Japan stocks gained about 10%, leading gains in Asia that offered some relief from a global rout which has wiped out more than $6 trillion in three weeks. US and European contracts also climbed. The yen weakened, snapping a five-day rally.

But risk assets will face hurdles in a path toward sustained rallies, according to Bloomberg’s MLIV. Earlier, Bill Gross said he wasn’t buying ...