European stocks and U.S. futures rebound

European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.

Europe’s STOXX 600 was last up 0.57% after falling for the three previous sessions, by about 1.2% in total. Britain’s FTSE 100 climbed 0.78% and Germany’s DAX rose 0.65%.

Nasdaq futures rose 0.73% after Tesla (NASDAQ:TSLA) shares jumped 12% in after-hours trading after the EV maker reported robust third-quarter profits and surprised analysts with a prediction for 20-30% growth in sales next year.

S&P 500 futures were up 0.41% after the stock index dropped 0.9% on Wednesday.

“The mood turned a bit more positive as Tesla delivered a strong set of Q3 results,” said Jim Reid, a senior strategist at Deutsche Bank. “The automaker is now projecting a slight increase in deliveries for the current year.”

Corporate earnings reports were also helping the mood in Europe, with Renault (EPA:RENA), Unilever (LON:ULVR) and Hermes all rising after releasing results.

In Asia, Tokyo’s Nikkei rose 0.1% but Hong Kong’s Hang Seng index and China’s blue chips dropped more than 1%, following Wall Street stocks lower.

Elsewhere, the dollar index fell 0.23% as the pound, euro and yen rose. The gauge, which measures the dollar against six peers, rose to a three month high of 105.47 on Wednesday.

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