European Stocks Rebound on Hopes of China Stimulus, Peak Rates

-- European stocks rose, on track for their biggest one-day gain this year, benefiting from a drop in bond yields and a Bloomberg News report that China is considering a fresh round of stimulus for its economy.Xi’s Reply to Hamas Attack Shows China’s Limit as PeacemakerThe Stoxx Europe 600 Index was up 1.6% by 12:48 p.m. in London.

Among individual European movers, EasyJet Plc shares gained following comments in French newspaper Les Echos from its chief executive officer that the airline was benefiting from a resurgence in travel demand. Ubisoft Entertainment SA fell following a video game delay. Frédérique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia, said that while European equity valuations are looking attractive following six months of underperformance, the weaker backdrop is a concern.

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