U.S. Stocks Rally as Oil Rebounds Above $40; Gold, Lira Decline

  • Gasoline stockpiles drop most since April, buoying crude
  • Asian index futures signal rebound after regional selloff

HSBC Plans $2.5 Billion Buyback as Profit Falls 45%

U.S. equities snapped a two-day retreat as a rebound in crude oil boosted energy producers, offsetting declines in defensive shares. Gold snapped its longest rally in six weeks and the advance in global bonds faltered.

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