Why European stocks are up today (Sept. 3, 2025): STOXX 600 rebound, record gold, and long-bond yields still in the danger zone

If you’re searching “why European stocks are up today September 3 2025”, the short answer is a pause in the long-bond selloff. The STOXX 600 opened higher and London’s FTSE 100 bounced as super-long yields stopped surging for a session, giving equity valuations some breathing room. Tech hardware and chip-adjacent names led in Europe, while UK miners and healthcare outperformed on the back of firmer precious-metals prices and a defensive bias.
Rates set the tone. Even with Wednesday’s equity rebound, the 30-year yield complex remains near cycle peaks. Japan’s 30-year JGB hit a record before easing, and UK long gilts hovered around their highest marks since the late 1990s. That backdrop matters for SEO queries like “term premium Europe 2025” or “why are long-term yields so high”: investors are demanding a larger term premium to finance governments at long maturities amid fiscal sustainability debates and patchy disinflation.
Cross-asset tells. Gold above $3,500/oz signals a persistent safe-haven bid as duration stays volatile; that’s why precious-metals miners were among the session’s winners. Insurance stocks lagged as higher long yields continue to weigh on portfolio marks. Brent crude near the upper-$60s reflected softer industrial demand and comfortable supply, helping temper inflation worries even as energy remains a swing factor.
Macro frame. European PMIs still point to a services-led expansion with manufacturing stabilizing. The immediate catalyst list includes U.S. labor data later in the day, which can nudge real yields and reset risk appetite globally. With September’s seasonality often unfriendly to equities, traders are quick to buy dips when yields cool—and just as quick to fade strength if 30-year benchmarks re-test the highs.
Investor playbook. In a market where long rates call the shots, the near-term edge sits with quality cash flow, balance-sheet strength, and pricing power. For search intent like “STOXX 600 rebound explained”, “FTSE 100 today after bond selloff,” or “gold record and European stocks,” the through-line is simple: a calmer long end buys time, but it hasn’t fixed the core problem. Until term premium recedes and fiscal signals improve, expect rotation into quality and stop-and-go rallies whenever yields blink.