Sharemarkets around the world rose and bond yields improved as oil rebounded from 11-year lows on prospects of lower temperatures in the northern hemisphere.
The fall in oil prices had been a major driver of financial markets this year, hammering energy companies, lowering inflation expectations and reinforcing the prospects of easier monetary policy in Europe and a slow tightening in the United States.
Asia Pacific shares glided higher in trading yesterday, taking their cues from overseas gains, although investors were watching to see whether renewed selling in crude oil futures would dent sentiment.
‘‘After a strong United States and European sessions, Asian markets are all looking for further gains,'' Angus Nicholson, of IG in Melbourne, said.
The ASX 200 had its ninth consecutive day of gains.
