Reported 4 months ago
European stocks edged higher on Thursday as bond markets steadied following a sell-off driven by concerns of high global interest rates due to inflation. The dollar weakened as U.S. Treasury yields retreated, while metal and energy prices faced pressure. The pan-European STOXX 600 rose nearly 0.4%, rebounding from a significant drop the previous day, supported by stabilizing bond markets. German inflation data and expectations of ECB policy moves were also highlighted, with markets awaiting the U.S. core PCE price index report on Friday. U.S. Treasury yields dipped, while Japanese government bond yields reached multi-year highs. In the currency market, the dollar softened, oil prices fell, and gold prices dropped slightly.
Source: YAHOO