nov 24  welcome to the home for realtime coverage of markets brought to you by reuters reporters you can share your thoughts with us at marketsresearchthomsonreuterscom some risk appetite has returned to markets sending the stoxx 600 stoxx equity benchmark rising a decent 05 in opening deals from threeweek lows oil and gas sxep is the leading sectoral gainers up 13 after a us led release of strategic reserves fell short of expectations triggering a bounce in crude prices other cyclical sectors were also in demand with banks sx7p and miners sxpp gaining around 1 or more while worries over new restrictions to fight a fourth wave of virus infections sent travel stocks sxtp to february lows angst over a currency crisis in turkey appeared to loosen its grip over bbva bbvamc shares in the spanish lender edged up from 4month having fallen six times in the previous seven sessions telecom italia tlitmi climbed further up 8 in heavy volumes on media speculation us fund kkr is looking into raising its proposed bid to win over reticent shareholders such as vivendi vivpa if you were hoping that the day before a big us public holiday would bring a semblance of calm think again first before thursdays thanksgiving holiday comes a slew of us data  weekly initial jobless claims the second q3 gdp print personal income and personal spending numbers for october new home sales and preliminary readings for october durable goods orders the pce index a key inflation indicator will be in focus given the recent surge in inflation to threedecade highs and not to forget minutes from the feds last meeting  the one where they announced tapering  are also on the calendar in europe germanys closely watched ifo business indicator may better illustrate the impact of resurgent covid caseloads than tuesdays upbeat pmi numbers all of this comes against the context of increasingly edgy world markets as investors position for higher inflation and interest rates equity markets were particularly unnerved by a rise in real or inflationadjusted yields in major economies german 10year inflation linked bond yields jumped nine basis points to 3week highs on tuesday surpassing a 7 basispoint rise in nominal borrowing costs that came after hawkish comments on inflation by two ecb policymakers new zealands central bank meanwhile hiked interest rates for the second straight month on wednesday to keep surging consumer prices in check read more still european stock futures are higher this morning on wall street where higher treasury yields sent the techheavy nasdaq down for two straight days futures are flatlining and dont forget turkey where the lira is headed back towards record lows hit during tuesdays 15 crash with president tayyip erdogan defending recent rate cuts the lira  is trading around 13 per dollar down 22 since the beginning of last week contagion appears limited but investors are watching closely key developments that should provide more direction to markets on wednesday  major toshiba shareholder objects to breakup urges board to solicit offers read more  japans factory activity grows at fastest pace in nearly four years read more european shares look set for a tentative bounce from three week lows at the open today after a late session recovery on wall street that saw the sp 500 close with a marginal gain rising us yields and volatile oil prices however made for a jittery session in asia with a msci gauge of asiapacific shares outside japan easing around 01 read more futures on the euro stoxx 50 and dax indices were just above parity at the time of writing after earlier rising around 03 although ftse contracts were a touch lighter in the previous session the panregional stoxx 600 stoxx index suffered its biggest oneday drop in around two months as a resurgence in covid19 cases raised fears of new restrictions