European stocks rebound after bond yield drop
European stocks rose today, Thursday, after three days of losses, as the global bond market declined. Investors focused on upcoming U.S. economic data to gauge signals about Federal Reserve policies. The STOXX 600 index also increased by 1%, amid mixed regional market performances—Germany's DAX and Bisan rose, while France's CAC 40 declined. Meanwhile, tensions in the Iran conflict pushed oil prices above $90 per barrel, fueling concerns about inflation and financial issues. Major companies like Deutsche Telekom and Switek also saw gains following positive outlooks and trading activity driven by increased demand for chips used in artificial intelligence. Markets are eagerly awaiting the U.S. jobs report due tomorrow, which will serve as a key indicator of the Federal Reserve's monetary policy direction.
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