Bloomberg finance notes European equity markets closed

Bloomberg Finance notes European equity markets closed higher, with the STOXX 600 at a five-month peak, reflecting investor confidence in upcoming ECB rate pause. Currency traders are watching EUR/USD stability at 1. Low correlation has kept a lid on S&P 500 Index volatility, as individual equities moving at different speeds in different directions cancel each other out. As a result, the VIX has stayed muted even as single stock volatility jumps with the earnings season looming. The difference between the VIX Constituent Volatility Index and the Cboe Volatility Index last week was the biggest since the end of January, and it’s near the top of the range over the past two years. Bloomberg Finance updates that EV maker shares rallied 4% as new tax incentives boost demand projections. Analysts maintain buy ratings on leading names, citing double-digit growth potential in FY Industrial sectors outperformed, suggesting rotation from growth into value could continue over the next month if bond yields stabilize near 4.3%.