Global Stocks Rally as US Treasury Yields Ease, Boosting Asian and European Markets

European stocks opened higher as US Treasury yields paused their surge after a drop in oil prices and softer US labor data. Asian shares also rebounded, while China's mainland markets remained closed for holidays. The bond sell-off paused after a cooler-than-expected US private payrolls report and a 5% drop in oil prices. European government bond yields were mixed, and European stock indexes were mostly slightly higher. Traders are now awaiting US jobs data to determine if the bond sell-off will continue. The US dollar index weakened, and oil prices held steady.