European stocks rose on Thursday, ending a three-session losing streak.
This came as the global sell-off in the bond market subsided.
Investors are also awaiting new U.S. economic data, looking for clues about the Federal Reserve’s monetary policy path.
The European Stoxx 600 index rose 0.5%, reaching 649.1 points.
It rebounded from its one-month low, which it hit on Tuesday. Most major indices in the region also rose.
Shares of French company “Sweetech,” which specializes in the manufacture of electronic chip materials, led the gains after jumping 10.3%.
This came after the company raised its revenue growth forecast for the second quarter of 2027 to 50% year-over-year, up from a previous forecast of 30%.
European markets had come under pressure due to rising oil prices and growing concerns about inflation, government debt, and tighter monetary policy.
Although oil prices fell today, the price per barrel remained above $95.
In contrast, eurozone bond yields retreated from their highest levels in years.
Investors are awaiting the U.S. nonfarm payrolls report, amid expectations that the European Central Bank will raise borrowing costs to 2.5% at its next meeting.
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