European Stocks Rebound, Miners Rally Amid US Data Soothing Economic Slowdown Fears
European stocks rebounded from a six-day losing streak, with the Stoxx Europe 600 Index gaining as much as 0.5%. US equity futures were pressured by reports of new curbs on artificial intelligence chip sales to China. European technology firms shrugged off the news, while investors awaited updates from a central banking forum in Portugal. Treasury yields were lower, but resilient US economic data suggests the Federal Reserve may continue tightening monetary policy. Signs of economic stress in China and the impact of US curbs on technology sales to China remain uncertain. The results of the Fed's annual stress test of the banking industry will be released later today.