European stocks rebound as bonds fall
European stock markets rose after a three-day decline, experiencing positive trading amid declining global bond yields and geopolitical tensions. This comes especially as there are expectations of a potential increase in interest rates by the European Central Bank. French semiconductor manufacturer Soitec led the gains after boosting its quarterly growth forecast to 50 percent, up from the previous 30 percent estimate. Meanwhile, shares in the luxury goods sector declined due to concerns over a sluggish economic recovery. Oil prices fell below $95 per barrel, coinciding with declining bond yields in the Eurozone, amid expectations that European interest rates will rise to 2.5 percent at the upcoming monetary policy meeting next week. Geopolitical risks continue to play a significant role in shaping market trends.
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