European stocks opened mostly higher Thursday as fragile calm returns to markets following a global sell-off as bond markets stoked fears of an impending recession.
The pan-European Stoxx 600 edged 0.2% higher to 366.71 in early trade, travel and leisure stocks leading gains with a 0.8% climb, while the oil and gas sector continued to slide, trading 0.2% lower.
Global markets were routed on Wednesday as the U.S. 2-year/10-year Treasury yield curve inverted for the first time since 2007, while the U.K. 2-year/10-year curve inverted for the first time in over a decade. Yield curve inversions are traditionally seen as indicators of an oncoming recession. German and French bond yields also hit record lows.
Source : CNBC