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(Bloomberg) European stocks rose the most in more than two months on Tuesday, with technology and banking shares leading the rebound as investors stepped in to buy the dip in risk assets. The Stoxx 600 Index closed 1.2% higher, the biggest jump since July 21, with Infineon Technologies AG leading a tech sector recovery after the chipmaker forecast that its revenue will expand next year. A 1.6% gain in the Nasdaq also helped boost the sentiment. Banking stocks, which benefit from higher bond yields, were the top-performing industry group and surged the most since March. READ: Banks May Be the Best Hedge Against Rising Yields: Taking Stock The past month has been turbulent for stocks, with European equities slumping to the lowest level since late July on Monday, as the prospect of higher inflation has fueled concerns about earnings, while rising bond yields triggered a rotation out of more expensive sectors like technology. Since touching a record in August, the Stoxx 600 Index has dec ....
FTSE Down, Greggs Gains as Post-Lockdown Sales Keep Sizzling morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.