U.S. and European stocks rebounded to post gains while the euro pared losses on Wednesday as investors shifted into buying mode after perceived positive news on U.S. budget talks. U.S. House Speaker John Boehner, an Ohio Republican, said he is willing to put revenues on the table if accompanied by spending cuts. But he repeated his opposition to raising income tax rates. Boehner’s comments came as U.S. indexes were marking session lows and produced a sharp turnaround that reverberated through other markets. Investors remained skeptical over the plan agreed to late Monday by international lenders to reduce Greece’s debts, but they were more focused on the positive news. The Greek deal opened the way for more aid to Athens to avoid a chaotic default, but details remain unclear and analysts worry it will not do enough to make Greece’s debt viable.
