London — World stocks attempted a rebound on Friday with Asian and European markets gaining modestly after the previous day's selloff, while oil prices fell as producers bickered over the details of an output cut. The pan-European Stoxx 600 index was up 1.2% by 8.57am GMT, after falling as much as 3.2% during Thursday's rout, which was triggered by the arrest of the chief financial officer of Chinese smartphone-maker Huawei in Canada. The arrest, coming on the heels of a 90-day trade truce between the US and China, triggered fears that the dispute could escalate further and dented hopes for a resolution. The MSCI all-country world index, which tracks shares in 47 countries, was up 0.3% on the day, on track to end the week down 2%. Chinese shares, which were up earlier in the day, slipped into negative territory with the blue chips off 0.1%. E-Mini futures for the S&P 500 also started firmer but were last down 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up...

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