European stocks rebound 0.2% as STOXX 600 snaps three-day decline

  • STOXX 600 advanced as European equities ended a three-day losing streak.
  • Soitec shares jumped 10% after its 2027 revenue-growth forecast reached 50%.
  • Brent crude remained above $90 despite easing energy prices and bond yields.

European equities recovered Thursday as the global bond-market selloff eased, with the STOXX 600 rising 0.2% to 646.96 after touching a one-month low in the previous session. Germany’s DAX gained 0.1% and Spain’s benchmark rose 0.5%, while France’s CAC 40 slipped 0.1%. Soitec led the index with a 10% surge after raising its second-quarter 2027 year-over-year revenue-growth forecast to 50% from 30%. Deutsche Telekom advanced 1.7% after Elliott Investment Management disclosed a significant stake and opposed any potential combination with T-Mobile US. Sofina rose 3.6% after reporting higher net asset value for the first six months of 2026 and identifying SpaceX as the largest holding in its leading private equity portfolio. M&G fell 0.2% after releasing semi-annual results. Oil prices eased after President Donald Trump said additional strikes against Iran would probably be short-lived, but Brent remained above $90 a barrel, keeping inflation concerns alive. Eurozone government bond yields retreated from multi-year highs, while markets priced in near certainty of an ECB (European Central Bank) rate increase to 2.5% next week and two further 25-basis-point increases by mid-2027. Investors are now focused on Friday’s U.S. non-farm payrolls report and its potential effect on expectations for Federal Reserve policy after hawkish comments from Fed Chair Kevin Warsh the previous week. Eurozone services growth slowed to a two-month low in August, although overall private-sector activity continued to expand.

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