GLOBAL MARKETS-Oil jumps on crude draw; Wall Street rises



* Oil surges 2 pct to June highs
* U.S. stocks gain after two days of losses
* U.S. services sector surges to 11-month high
* European markets rattled by ECB "taper" talk (Updates with U.S. afternoon trading)
By Lewis Krauskopf
NEW YORK, Oct 5 Oil prices surged on Wednesday after a report showed a drop in U.S. crude stockpiles, fuelling energy shares and helping lift Wall Street along with encouraging economic data.
In Europe, bond yields jumped while the pan-European STOXX index fell 0.6 percent, with markets rattled by the prospect of the region's central bank eventually winding... read more

 
5 October 2016 in World News, Views: 35
Source: Reuters
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