European Stocks Bounce Back as Bond Selloff Eases and Oil Retreats

TLDR

• European stocks rose Thursday after three straight sessions of losses
• The STOXX 600 climbed 0.2% to 646.96, recovering from a one-month low
• Soitec shares jumped 10% after raising its revenue growth outlook to 50% year-on-year
• Elliott Investment Management built a stake in Deutsche Telekom, sending shares up 1.7%
• Oil eased but stayed above $90 a barrel, keeping inflation concerns alive

European stocks edged higher on Thursday as a global bond selloff showed signs of cooling. Investors had been rattled for three straight sessions, but markets found some footing as pressure eased.

The pan-European STOXX 600 rose 0.2% to 646.96 by 0810 GMT. It had hit a one-month low in the previous session.

Regional performance was mixed. Germany’s DAX gained 0.1% and Spain’s index rose 0.5%. France’s CAC 40 slipped 0.1%.

Soitec Leads Gains After Strong Outlook

French chip materials maker Soitec was the standout performer. Its shares jumped 10%, topping the STOXX 600, after the company raised its revenue growth forecast for the second quarter of 2027 to 50% year-on-year. That was up from an earlier forecast of 30%.

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