US equities rebounded from 5 day losing streak with basic materials and financial sectors leading the way. Economists and the james Bullard conclude beige book paints a brighter economic picture for March than last Friday's payroll report did, as well as reading more upbeat than February's beige book. Still the more optimistic tone in the book doesn't take QE3 off the table, especially with recovery still at risk from rising energy prices. Crude-oil futures rallied getting a lift from a tame inventories report, rising U.S. equities, and a lower dollar.
