The pan-Europeanclosed flat to higher but with some major European bourses finishing in negative territory. The benchmark provisionally closed 0.18 percent higher. It had recovered from earlier losses of over 1 percent with global sentiment dented by comments from Fed chair Janet Yellen and a sharp selloff in the fixed income markets.
Weekly U.S. jobless claims, which came in much weaker than expected, helped to give equity markets a lift, as traders pushed back the timing of an interest rate hike.
Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor Department said on Thursday. Claims for the prior week were unrevised at 262,000, which was the lowest reading since April 2000.
Bond yields fell back after the figures and also helped market participants to look past comments from Yellen who said Wednesday that equity valuations were generally quite high.
traded as high as 2.27 percent before edging down to around 2.23 percent. Thirty-year bond yields also traded above 3 percent for the first time since December, before trading around 2.96 percent.
In Europe,nearly hit 0.8 percent after before trading around 0.64 percent.
Thursday is polling day in the U.K.’s general election that is almost certain to lead to a hung parliament, where no one party holds a majority of seats.
A YouGov poll on Wednesday showed the incumbent Conservative Party and the opposition Labour Party, tied with 34 percent of the vote.
In other European news,continues, after European lenders dashed any hopes of an aid-for-reform deal next Monday when the Eurogroup of euro zone finance ministers meets.
“Lots of issues have to be solved, have to be deepened more, with more details, so there will be no agreements on Monday. We have to be realistic,” Eurogroup chief Jeroen Dijsselbloem said on Wednesday, Reuters reported.
Earnings season continued on Thursday, with operating profit at‘s banking group to 685 million euros ($778.2 million) from the same period a year ago. Shares of the bank finished higher by 3.4 percent.
Meanwhile, pre-tax profit at telecoms firmcame in at , up 13 percent from the same period in 2014. Shares of the group were caught in the wider market fall and finished lower by 0.2 percent.
results fell short of market expectations. The German industrial group reported . Shares of the group ended lower by around 1.5 percent Thursday following the earnings report.
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