Global Markets React to Fed's Inflation Concerns and China's Economic Woes

European stocks opened the week with gains, following Wall Street's positive performance on Friday after cautious comments from central bankers at Jackson Hole. China's support measures for its equities market also boosted sentiment. The rate-sensitive technology sector led the advance in Europe, while US stocks rose and Treasury yields jumped after Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde reiterated their stance on interest rates. Asian benchmarks also rose after Beijing reduced the levy charged on stock trades. However, Chinese stocks pared most of their early gains as economic worries persisted.