European stocks were higher Thursday, shaking off a negative trend this week as global markets come under pressure from rising bond yields.index was up 0.29% at 12:40 p.m. in London after recording its worst sessions of the month over the last two days, closing Wednesday at its lowest level since May 8.
U.K. house price inflation was slightly negative at -0.1% in May, according to a survey by property platform Zoopla, as the number of homes for sale hit an eight-year high. Richard Donnell, executive director of research at Zoopla, said the data showed "renewed confidence among sellers, many of whom are also buyers."
France's CAC 40 moved 0.14% higher while Germany's DAX and the U.K.'s FTSE 100 fell by 0.24% and 0.1%, respectively.reported a net loss of 2.9 billion Swedish kroner in the quarter to April, higher than the 1.52 billion kroner loss reported in the same period last year.SAS filed for Chapter 11 bankruptcy protection in the U.S. in 2022 to help it cut debt after a pilots' strike grounded most of its flights.The U.K.
"Our macro team expects solid growth and monetary policy easing into 2H24. While the YTD rally in equities suggests some of this optimism is already priced, with market correlation at a 5-year low, we continue to see potential for alpha opportunities," the investment bank's analysts noted, naming stocks they see potential in.
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