European shares recovered on Friday after a bond-led selloff. The STOXX 600 closed 0.8% higher, a day after touching its lowest level in more than three months, as weak US jobs data cut bets on a Federal Reserve rate increase in October, oil fell about $3 a barrel and Germany's 10-year yield eased more than 6 basis points to 3.454%. Technology led: AT&S rose 10%, Infineon about 9%, Aixtron and Soitec 7.6% each. Bank shares were flat on the day. IG Group fell 22.6%, its biggest one-day drop since December 2016, after cutting its annual revenue guidance.
Why it matters for listed companies
The week's pattern shows where higher yields are landing in Europe. Banks, which usually earn more when rates go up, had their worst week since April because investors are weighing the damage to borrowers and the economy against wider lending margins. Chip and chip-equipment makers moved the other way on renewed interest in AI spending. IG's guidance cut is specific to trading platforms, whose revenue depends on client activity and market volatility; it says little about lenders. One day's rebound does not reverse the bond selloff: it came from US data and oil, not from European news.
Official series on 02 Oct 2026 or the last day before it, and the latest observation.
ECB deposit facility rate 2.50% → 2.50%unchanged 02 Oct 2026 → 16 Oct 2026 · European Central Bank
Euro area 10-year yield (AAA) 3.46% → 3.39%-7 bp 02 Oct 2026 → 15 Oct 2026 · European Central Bank
Euro in US dollars 1.1225 → 1.1253+0.0028 02 Oct 2026 → 16 Oct 2026 · ECB reference rate
Euro in pounds sterling 0.8503 → 0.8438-0.0065 02 Oct 2026 → 16 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show
what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.
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