European Stocks Rise as Bond Rally Lifts Utilities, Real Estate

The Stoxx Europe 600 closed 0.4% higher, paring an intraday gain of as much as 0.8%. Utilities and real estate were the best performers as bond yields fell across the region, while retail stocks lagged after US footwear chain Foot Locker Inc. cut its full-year forecast.

Purchasing managers index readings from Europe’s two top economies on Wednesday highlighted the risk that output in the 20-nation bloc will shrink this quarter, leading investors to bet that the European Central Bank will pause its campaign of interest-rate hikes next month. Meanwhile, attention among traders is also turning to Federal Reserve Chairman Jerome Powell’s Jackson Hole speech on Friday.

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European Shares Rise as Tech Stocks Hit Nearly One-Month HighEuropean equities gained on Tuesday with interest rate-sensitive technology stocks leading the gains as a surge in US bond yields paused.
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Tesla stock rises, AMC's stock conversion: Trending stocksTesla (TSLA) shares are moving higher this afternoon after Baird analysts highlight several of the EV maker's latest growth drivers, including its Cybertruck announcement and its business dealings in EV charging deals. AMC Entertainment (AMC) sees its stock tanking despite its getting the green light from Delaware's chancery court for its stock conversion plan for its Preferred Equity units (APE). Yahoo Finance's Jared Blikre and Diane King Hall take a look at several of the stocks trending ahead of Monday's closing bell.
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