European stocks are expected to bounce back on Thursday, opening higher and continuing a week that has seen wild swings in global market sentiment and trading.
The higher open for Europe on Thursday continues a trend of wild trading swings already seen in October. On Wednesday, negative sentiment characterized European market trades as U.S. Treasury yields briefly spiked, with inflation concerns weighing on global markets.yield retreated from more than three-month highs on Wednesday and U.S. stocks staged a comeback from their lows as investors bought the dip in technology names.
Overnight, shares in Asia-Pacific rose with Hong Kong stocks leading gains; mainland China markets remain closed on Thursday for the holidays.after the Dow Jones Industrial Average reclaimed a 459-point loss from Wednesday as investor concerns about a debt ceiling deal eased.
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