European and US equities mostly rebounded Wednesday as a global bond selloff eased, with shares in Google parent Alphabet jumping after a favourable court ruling.

Nevertheless gold struck a new record high as investors continued to worry over mounting government debt, with Japanese bond yields hitting a new high.

Wall Street stocks were mostly higher, with the tech-heavy Nasdaq Composite index up more than one percent after a US judge refrained from requiring Google to sell its Chrome web browser in an antitrust case.

Shares in the company rose over nine percent in morning trading before paring gains. Shares in Apple, whose lucrative deal to make Google search the default on iPhones was also spared in the court ruling, rose more than three percent.

"Overall, investors saw the outcome a

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