European stocks gain as US yield surge pauses October 04, 2023 at 11:33PM

European stocks opened higher on Thursday, following a decrease in oil prices and softer US labor data. Asian shares also rebounded from 11-month lows, while China's mainland markets remained closed for holidays. The recent rise in US yields paused after a cooler-than-expected US private payrolls report and a drop in oil prices. Traders are now looking to US jobs data to determine if the bond sell-off will continue. The US dollar index decreased slightly, while oil prices remained steady and gold saw a slight decrease.