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%.