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The Economic Times
The Economic Times
Anupam Nagar

Global Market: European stocks rebound as oil prices ease; telecom shares slide on SpaceX deal

European shares recovered on Friday as oil prices eased on hopes of a pause in the Middle East conflict, while telecom stocks came under pressure following SpaceX’s deal to acquire a nationwide spectrum portfolio.

The pan-European STOXX 600 index rose 0.8% to 630.47 points by 0718 GMT, rebounding after closing at a near four-month low on Thursday as surging oil prices and bond yields weighed on investor sentiment.

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