Global Stocks Rebound From Five-Day Slump, Led by Mining Shares (Anne Pollak)

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Global stocks rallied as investors said a five-day sell-off that erased $2.4 trillion in market value made shares inexpensive relative to earnings growth.

By Anne Pollak

March 6 (Bloomberg) -- Global stocks rallied as investors said a five-day sell-off that erased $2.4 trillion in market value made shares inexpensive relative to earnings growth.

U.S. stock-index futures also climbed. U.S. Treasuries slid and the yen dropped the most against the euro in 17 months.

``Stocks have fallen a bit too much recently,'' said Choi Min Jai, who helps manage about $1.4 billion at KTB Asset Management Co. in Seoul.

Shares in Asia gained the most in almost two months, led by members of the Bombay Stock Exchange's Sensitive Index, or Sensex. In Europe, Xstrata Plc lifted mining companies from a six-week low after the world's fourth-largest copper producer reported record profit.

Benchmarks in Indonesia, Malaysia, Russia, the Czech Republic and South Africa all rebounded.