European stocks rebound after declines
European stocks rose slightly after a sharp sell-off caused by turbulence in the bond market, with the Stoxx 600 index increasing by 0.4% to reach 629.18 points. This follows a 1.3% drop on Thursday amid rising global bond yields. Investors are awaiting the release of inflation data in the Eurozone and the U.S. jobs report to gauge the trajectory of monetary policy, amid concerns about the impact of rising interest rates on the European economy—particularly the banking sector, which is experiencing its worst weekly performance since April. Additionally, bank and corporate shares were affected by weak earnings and negative outlooks due to subdued demand, especially in the European and Chinese markets.
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