Asian and European equity markets staged a rebound on Wednesday following a brutal selloff a day earlier; however, strategists are skeptical over the sustainability of the recovery, highlighting a slew of major risk events just around the corner.
"There's been nothing concrete to suggest risk appetite should recover. There are also still plenty of risks to come with the nonfarm payrolls this week," said Stan Shamu, market strategist at IG told CNBC.
Investors are expected to trade cautiously ahead of Friday's U.S. nonfarm payrolls report, which will provide more clues on the health of the world's largest economy, and could determine how the Federal Reserve will proceed with the tapering of its monthly asset purchases.
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