European equities edged higher Thursday as a global bond-market relief rally and cautious comments from New York Fed President John Williams helped stabilize risk assets after a severe weekly sell-off. The pan-European STOXX 600 rose 0.12%, ending a three-session decline after reaching an over one-month low Wednesday. Germany’s DAX gained 0.2%, while France’s CAC 40 and London’s FTSE 100 were flat. The recovery followed a turbulent start to September marked by a sovereign debt sell-off, energy prices above $90 a barrel after U.S.-Iranian kinetic strikes in the Strait of Hormuz, and changing expectations for central-bank rate increases. German 10-year Bund yields reached a 2011 high of 3.37%, while U.S. 10-year Treasury yields neared 4.80%, pressuring equity valuations and increasing refinancing concerns. Williams said policymakers should wait for incoming economic data before deciding on further tightening, while U.S. private payrolls rose by only 38,000 in August, below consensus. Investors are watching comments from Fed Governor Christopher Waller for indications of whether the Federal Open Market Committee will pause or raise rates on Sept. 16. Lower crude prices also offered some relief to European industrial stocks. Attention now turns to Eurozone Producer Price Index data ahead of the European Central Bank’s Sept. 10 monetary policy meeting. Deutsche Telekom gained 1.4% after activist investors Elliott builds stake in the company.