German stocks rise as oil falls and bond yields drop
German stocks climbed on Thursday as declining oil prices supported sentiment and bond yields fell after the Federal Reserve raised interest rates on Wednesday.
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German stocks climbed on Thursday as declining oil prices supported sentiment and bond yields fell after the Federal Reserve raised interest rates on Wednesday.
Global bond yields are rising, with Japan’s 10-year government bond yield at 3%, the highest since 1996. The note says the move is pressuring stocks early, especially AI-linked names.
AMD falls 5%, Broadcom and Meta around 3%, and NVIDIA 2% as the 30-year Treasury yield reaches its highest level since 2007, pressuring tech valuations.