European stocks extend rebound amid focus on US bond market
European stocks rose on Tuesday, extending their recovery from a 3-week low for the second straight session, following strong gains in Wall Street, but the US bond market remains in the spotlight.
The Stoxx Europe 600 index rose 0.5% as of 11:55 GMT, after it closed higher by 1.8% yesterday, after hitting on Friday a 3-week low at 404 points.
The construction sector saw the largest gains in Europe today, rising around 1.1%, as most of the sector's companies recovered.
S&P 500 futures fell more than 0.3%, after the index closed higher by 2.4% after the US House of Representatives passed a $1.9 trillion fiscal stimulus package.
The yield of the US 10-year Treasury rose 2.2% today, extending its gains for the second straight day and hit a 1-year high.
Back to Europe, the Euro Stoxx 50 index rose 0.5%, France's CAC 40 rose 0.6%, and Germany DAX index rose 0.5%, the UK's FTSE 100 rose 0.7%.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2060
|
0.0034
|
0.2848%
|
|
|
|
|
1.3876
|
-0.0077
|
0.5511%
|
|
|
|
Tadawul
|
10127.90
|
18.31
|
0.18%
|
|
|
|
|
26.088
|
0.297
|
1.151%
|
|
|
|
|
61.801
|
-1.377
|
2.180%
|
|
|
|
|
65.57
|
0.17
|
0.26%
|
|
|
|
|
1785.320
|
13.870
|
0.783%
|
|
