STOXX 600 extends bounce after Fed hike supports bonds
STOXX 600 extended gains for a second day, rising 0.4% as the Fed’s first rate hike since 2023 helped steady bond markets and oil prices fell on easing supply concerns.
Europe's STOXX 600 TVC:SXXP joined a modest global equity rally on Thursday after the Federal Reserve's first rate hike since 2023 helped steady bond markets, while oil prices fell on easing supply concerns. 4% for a second straight day after hitting a 3-month low.