European equities rise as UK GDP tops forecasts
European stocks opened higher with the Stoxx 600 up about 0.3% as travel/leisure and banks lead gains, while the UK’s July GDP rose 1.6% year-on-year and 0.4% month-on-month, boosting the pound and pushing gilts lower. In the U.S., the 10-year Treasury yield neared 5% amid persistent selling in bonds, with the 30-year around 5.36%. Brent crude topped $108 and WTI near $103 as Middle East tensions support prices. Shanghai-listed Enflame jumped about 206% on its IPO debut, Oracle beat on revenue and earnings, and U.S. stock futures held small gains ahead of the CPI release. Across Asia, markets were mixed with declines in Japan and Korea.
