investingLive European session wrap: Equities retreat as oil rebounds and bond yields stay elevated

Headlines: European stocks slip back as oil and bond yields edge higher from session lows Gold extends the recovery amid renewed US-Iran deal hopes and dovish Fed's Williams comments French inflation jumps in September as HICP rises to 3.4% German state CPI readings point to inflation climbing back above 3% in September Germany retail sales rebound 1.3% in August after July slump German import prices jump 1.0% in August as cost pressures build Italy September preliminary CPI +4.2% vs +3.8% y/y expected Bitcoin remains stuck in a range as US-Iran talks cap gains despite Fed's Williams support Month-end FX flows could add to volatility with quarter-end rebalancing also in play Markets: WTI crude up 1.5% to $90.72 10-year Treasury yields down 1.9 bps to 5.236% Gold flat at $4,179 GBP leads, AUD lags on the day European equities mostly lower; S&P 500 futures -0.1% Bitcoin up 0.3% to $83,834 The session started with broader markets catching a bit of a breather, as oil prices and bond yields came off the boil. Oil fell in overnight trading after the US offered to release up to 40 million barrels from the SPR. Meanwhile, bond yields cooled after Fed policymaker Williams toned down hawkish expectations over the central bank's tightening steps in saying that there is "no need for urgency" following the September rate hike. WTI crude fell to a low of $88.60 earlier today but is now bouncing back to trade at $90.72, up 1.5% on the day. 10-year Treasury yields have also rebounded from lows near 5.20% to move just above 5.23%, though they remain well below the overnight high of 5.29%. The rebound in both oil prices and bond yields is now tempering the broader market mood, as European stocks are falling back after the positive open today. Regional stocks opened with modest gains but have reversed all of the advance with the DAX now falling by 0.2% and CAC 40 down by 0.5%. It was the same story for US futures, which began the session with a steadier mood before posting slight decl