European markets close higher in roller-coaster week for stocks; TeamViewer down 7%
European stocks rebounded on Thursday, continuing a week that has seen wild swings in global market sentiment and trading.
The pan-European Stoxx 600 closed up by 1.6%, with autos surging 3.2% to lead gains as all sectors and major bourses traded in positive territory.
The strong session for Europe on Thursday continues a trend of wild trading swings already seen in October. On Wednesday, negative sentiment characterized European market trades as U.S. Treasury yields briefly spiked, with inflation concerns weighing on global markets.
On Wall Street Thursday, stocks rallied as lawmakers reached a deal to increase the debt ceiling in the short-term, according to Senate Majority Leader Chuck Schumer. Stocks hit their highs of the session as Schumer announced on the Senate floor news of the compromise, which will avoid an unprecedented debt default for now.
Reference: CNBC
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