Europe · Business news · Markets · 02 Oct 2026
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European shares recovered on Friday after a bond-led selloff. The STOXX 600 closed 0.8% higher, a day after touching its lowest level in more than three months, as weak US jobs data cut bets on a Federal Reserve rate increase in October, oil fell about $3 a barrel and Germany's 10-year yield eased more than 6 basis points to 3.454%. Technology led: AT&S rose 10%, Infineon about 9%, Aixtron and Soitec 7.6% each. Bank shares were flat on the day. IG Group fell 22.6%, its biggest one-day drop since December 2016, after cutting its annual revenue guidance.
The week's pattern shows where higher yields are landing in Europe. Banks, which usually earn more when rates go up, had their worst week since April because investors are weighing the damage to borrowers and the economy against wider lending margins. Chip and chip-equipment makers moved the other way on renewed interest in AI spending. IG's guidance cut is specific to trading platforms, whose revenue depends on client activity and market volatility; it says little about lenders. One day's rebound does not reverse the bond selloff: it came from US data and oil, not from European news.
Reported by Reuters — “European shares rebound after bond rout on easing Fed rate-hike bets” ↗ on 02 Oct 2026.
Official series on 02 Oct 2026 or the last day before it, and the latest observation.
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