European Shares Rebound as Yen Strengthens; Oil Declines

European stocks rose, rebounding from the first weekly loss in a month, and Asian shares fell after Japan’s top central banker indicated that interest rates may gain as the economy improves. Oil retreated for a fifth day and South Africa’s rand weakened while the yen and gold climbed.

The Stoxx Europe 600 Index advanced 0.3 percent at the close. Standard & Poor’s 500 Index futures gained 0.1 percent. The MSCI Asia Pacific Index slid 1.3 percent. The yen strengthened 0.4 percent to 100.96 per dollar. The rand slid against most of its major peers. Spanish and Italian bonds rose for the first time in three days. Crude slipped 0.5 percent in New York, while gold rallied 0.6 percent. Markets were shut in the U.S. and U.K. for holidays.