European stocks recovered on Monday after bond markets stabilized
European stocks recovered on Monday after bond markets stabilized following last week’s massive sell-off, while sentiment was boosted by growing optimism over the global COVID-19 vaccination program and US $ 1.9 trillion stimulus package.
The regional STOXX 600 index rose 1.7 percent, following strong gains in Asian markets, while data showed manufacturing activity picked up rapidly in the eurozone’s main economies in February, is from antara.
The European equity benchmark fell to a one-month low last Friday as investors grew concerned that rising inflation due to a large US stimulus package and an improving global economy could prompt major central banks to tighten monetary policy. But rising government bond yields reversed on Monday, driving a recovery in global equities. (henri/pn)