European Stocks Rally Most in Two Months on Bond-Market Rebound
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European equities rose the most in two months on Wednesday, after the selloff in government bonds paused and France’s central banker said that markets may be getting ahead of themselves in pricing rate hikes for this year.
The Stoxx Europe 600 index climbed by 1.7% at the close, the biggest gain since Dec. 7. Automakers led the advance, and technology recovered from recent losses fueled by rising bond yields. More defensive sectors, such as personal care and food, underperformed.