FX.co ★ European Stocks Rebound

European stocks saw gains on Wednesday as the STOXX 50 rose by 0.7% and the STOXX 600 increased by 0.4%. This marked a recovery from the previous day's 1.4% decline. On Tuesday, markets pulled back due to rising concerns about debt sustainability in major economies, which drove bond yields higher, particularly affecting the UK market. Large-cap stocks generally moved upwards, with notable performances from SAP (+1.6%), LVMH (+1.5%), ASML Holding (+2.1%), Hermès International (+0.5%), and Novartis (+0.5%). Meanwhile, Swiss Life experienced around a 2% decline following a report of weaker net profits in the first half, and M&G dropped by 2.5% despite a slight increase in both profit and assets under management.