European stocks regained some balance on Thursday, October 5, after a three-day selling wave amid concerns about rising interest rates that pushed US and European government bond yields to their highest levels in several years.
The European STOXX 600 index rose 0.3% by 07:20 GMT, after closing at its lowest levels in six months yesterday, Wednesday.
Easing pressure on stocks, long-term US Treasury bond yields fell from their highest levels in 16 years after yesterday's data showed that US job growth was lower than economists' expectations in September.
Euro zone bond yields also fell after oil prices fell overnight, with Brent crude futures falling more than 5% amid concerns about falling demand for fuel. Brent crude prices rebounded slightly today to trade at $86.1 per barrel.
Pandora Jewelry shares jumped 8% to their highest levels in a year and a half after the company raised its growth forecasts, saying that investments in the brand and store network were paying off, but called for caution about the situation in China.
LSEG Eikon data expected Alston's stock decline to reach approximately 30 percent after the French train manufacturer warned that free cash flow for the full year would be negative due to increased production and delays in some orders.
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