Global equities rise as bond yields ease from multi-decade peaks
Stocks across Europe and the U.S. gained while sovereign and Treasury yields slipped from their highest levels in decades.
The euro nudged up 0.2% to 1.1239 after a recent dip, while French 10-year yields dropped 9 basis points to 4.77% from a multi-decade high. Marine Le Pen pledged a deficit cut to 3% by 2030, easing some pressure on French bonds. European equities climbed, with the STOXX 600 up 1% for a third consecutive day, and U.S. futures added about 0.2% following a record-closing Nasdaq.
Nvidia gained 1% in pre-market trade, supporting the AI-related earnings outlook. Brent crude slipped 0.4% to $99.91 a barrel as G7 stockpile releases eased supply worries. In Asia, Japan's one outlet rose 1.1% and Hong Kong's Hang Seng added 0.7%, while South Korea fell nearly 1% after markets reopened.
Why it matters
The shift signals easing stress in bond markets and renewed confidence in equities worldwide.
How this story developed
- Sep 30 Asian markets rally as investors eye US inflation data and bond yields
- Oct 7 Nasdaq closed at a record high and Japan lifted its 10‑year bond coupon to 3.1%.
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