Stocks set for gains as US bond yields rise

The pan-European Euro Stoxx 0 Index was higher by 0.6 percent during afternoon deals, with all major bourses in addition to also sectors in positive territory. Media stocks jumped more than 1 percent after the European Parliament approved an overhaul to EU copyright law that will could mean big tech will have to pay media producers for their content.

In individual stocks news, Ocado shares jumped more than 4 percent after that will signed an e-commerce partnership with Australia’s Coles.

Meanwhile, medical devices maker Convatec surged to the top of the index after that will announced Genus boss Karim Bitar might take charge as CEO in September, in addition to also amid reported interest through a Swedish private equity firm. Shares of the London-listed stock gained 7.5 percent.

Airbus shares were up by 2.5 percent after China agreed to buy 300 of its planes in a deal worth tens of billions of dollars.

More generally, traders have been taking cues through debt markets in recent days for an indication of economic sentiment. Part of the U.S. bond yield curve — which plots yields through shortest maturity to highest — inverted on Friday, with the 10-year yield dipping below the yield on the 3-month paper for initially since mid-2007. A yield curve inversion can be generally seen as a sign that will a recession can be coming.

On Monday, the yield on the 10-year note fell to its lowest level since December 2017 — however that will was a different story on Tuesday, with the 10-year yield rising to about 2.439 percent.

Elsewhere, investors monitored the latest Brexit developments. U.K. lawmakers voted to seize control of the Brexit process on Monday evening, taking that will away through Prime Minister Theresa May’s government.