LONDON: European stock markets ended a rollercoaster session higher as tensions lessened in the bond markets and tech stocks recovered, dealers said.Although still worried about Italy’s fiscal stability, investors breathed a sigh of relief as bond yields eased and the euro slipped against the dollar.”European equities have turned to the upside in late-day action, with the euro losing ground on the US dollar, with technology issues recovering and US bond yields giving back a recent jump that has been a source of global market uneasiness,” analysts at the Charles Schwab brokerage said in a market comment.On Wall Street, the Dow index recovered ground lost at the opening to show little change in the late New York morning.Earlier, the Italian government appeared to have some success in talking yields down, with Finance Minister Giovanni Tria saying that fears over his country’s financial health - and the consequent spike in borrowing costs for Rome - did not fairly reflect the situation in the eurozone’s third largest economy.ITALY BONDS BREATHE EASIER”Recent levels of government bond yields do not reflect the fundamentals of the country, and once the economic policy agenda is approved by parliament, the uncertainty that has weighed on government securities in recent months will… Read full this story
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