Stocks recover

Stocks staged a broad recovery on Friday as strong trade data from China buoyed markets at the end of a tumultuous week. The dollar steadied as Treasury yields ticked higher.

The Stoxx Europe 600 index gained for the first time in three days, though still headed for its worst week since February, led by miners as most industrial metals gained. U.S. equity-index futures also climbed, suggesting the S&P 500 may snap its six-day losing streak when American markets open. The MSCI Asia Pacific Index rose from the lowest level since May 2017, with shares in Hong Kong and South Korea leading the way. The yuan retreated following a Bloomberg report that U.S. Treasury staff concluded China isn’t manipulating its exchange rate.

China trade data showed exports rebounded, while imports remained robust, thanks to strong demand at home and abroad despite worsening relations with the U.S. That eased some concern about the impact of the trade war, which had contributed to the worst equity selloff since February amid worries about the Federal Reserve’s policy path.

The Stoxx Europe 600 Index jumped 0.7 percent as of 10:45 a.m. London time, the biggest climb in more than three weeks. Futures on the S&P 500 Index jumped 0.9 percent, the largest increase in 14 weeks. The MSCI All-Country World Index gained 0.4 percent. The U.K.’s FTSE 100 Index rose 0.9 percent. Germany’s DAX Index increased 0.7 percent. The MSCI Emerging Market Index surged 2.2 percent, the first advance in more than a week and the largest in more than two years.

West Texas Intermediate crude gained 1 percent to $71.67 a barrel, the largest rise in more than a week. Gold decreased 0.4 percent to $1,219.64 an ounce. Copper increased 0.7 percent to $2.82 a pound, the highest in more than a week.