Sentiment was also supported by comments from New York Fed President William Dudley on Wednesday who said the prospect of a September rate hike “seems less compelling” than it was only weeks ago given the threat posed to the U.S. economy by recent market turmoil. “Certainly Dudley’s comments show that U.S. policymakers have serious concerns about events in China and the potential ripple out effects,” Michael Hewson, chief market analyst at CMC Markets in London, wrote in a note.