23 Hrs
Source:
المشهد العربي
European stocks rally amid lower bond yields
European stocks experienced a partial rebound on Friday after government bond yields in the Eurozone and the UK declined, leading to mixed gains across indices. The ten-year German bond yields fell by 3.5 basis points, although they are still heading toward a weekly increase of approximately 5.5 basis points. In the oil market, prices retreated after two days of gains amid anticipation of a possible easing of tensions between Washington and Tehran, but Iranian statements showed resistance, impacting the energy sector, which lost 0.7%. Meanwhile, airline and travel stocks gained more than 2%, and the travel and leisure sector index rose by 1.2%.
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