European stocks regain their balance, return to rise ‎

European stocks regained some balance on Thursday 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.

According to Reuters, the European Stoxx 600 index rose 0.3 percent by 0720 GMT, after closing at its lowest levels in six months on Wednesday.

Reducing the pressure on stocks, long-term US Treasury bond yields fell from their highest levels in 16 years after data on Wednesday showed that job growth in the United States was lower than economists’ expectations in September.

Euro zone bond yields also declined after oil prices fell overnight, as Brent crude futures fell more than five percent amid concerns about declining demand for fuel. Brent crude prices rebounded slightly on Thursday, trading at $86.1 per barrel.

Pandora Jewelry shares jumped 8 percent 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 a decline in Alston’s shares to reach approximately 30% after the French train manufacturer warned that free cash flow for the entire year would be negative due to increased production and delays in some orders.