European stocks regain their balance and return to rise as selling declines

European stocks regained some balance on Thursday after a three-day sell-off amid concerns about rising interest rates that pushed US and European government bond yields to multi-year highs.

The European STOXX 600 index rose 0.3 percent by 0720 GMT, after closing at its lowest levels in six months on Wednesday.

Easing pressure on stocks, long-term US Treasury bond yields fell from their highest levels in 16 years after data on Wednesday showed that US job growth was lower than economists expected in September.

Euro zone bond yields also fell after oil prices fell overnight, with Brent crude futures falling more than five percent amid concerns about declining demand for fuel. Brent crude prices rebounded slightly on Thursday, trading at $86.1 per barrel.

Pandora Jewelry shares jumped 8 percent to their highest levels in a year and a half after the company raised its growth forecasts, saying investments in the brand and store network were paying off, but called for caution about the situation in China.

LSEG Eikon data expected Alston’s stock decline to reach approximately 30 percent after the French train manufacturer warned that free cash flow for the entire year would be negative due to increased production and delays in some orders.