Sydney - European shares rose as commodity producers rebounded with metals prices. Chinese equities led Asian markets lower, while the pound was steady after rallying on Tuesday on news of a UK election.
The Stoxx Europe 600 Index climbed after the biggest one-day loss since November. Glencore led gains among materials companies as zinc, aluminum and iron ore rose after sharp drops earlier in the week.
Equity markets in China slipped, with the benchmark index in Shanghai tumbling for a fourth day. The pound remained near its strongest level this year ahead of a parliamentary vote for an election on June 8. The yield on Japan’s benchmark 10-year government note touched zero, while the Australian 10-year yield fell to its lowest since November.