European Stocks Rebound as Telecom Shares Slide
European shares recovered on Friday as easing oil prices and bond yields provided relief following recent declines. Meanwhile, telecom stocks tumbled after SpaceX secured a major US spectrum deal.
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European stocks rebounded during Friday morning trading as easing oil prices and bond yields offered relief, though telecom shares slumped following a major spectrum deal in the United States. The pan-European STOXX 600 climbed 0.9% to 630.83 points, recovering from a nearly four-month low reached the previous day. The bounce follows comments from Iran policy shifts that cooled energy fears.
