European Stocks Rise as Bond Yields Retreat
European stocks advanced for a third consecutive session as easing bond yields and lower oil prices calmed markets. Investors grew more optimistic ahead of the upcoming corporate earnings season.
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European stocks rose 1% on Tuesday morning, extending a global equity rally as investors turned optimistic ahead of the third-quarter earnings season. The advance followed a technology-led record close on Wall Street and an easing of fixed-income pressures after recent sovereign debt turmoil. Markets are scaling back expectations for aggressive central bank tightening while monitoring political developments across Europe.
