The pan-European STOXX 600 added 0.9% to 642.6 points, with most regional markets gaining

European shares ​rose on Thursday as lower oil prices and a pause in the international bond selloff lifted risk appetite.

The pan-European STOXX 600 added 0.9% to 642.6 points, with most regional markets gaining.

Metal mining shares led the gains, jumping 2.1%.

Automakers advanced 1.7%, led by gains ​of nearly 2% for BMW, Renault and Volkswagen.

Brent crude extended losses for a second day ​after reports that Saudi Arabia was offering additional cargoes through Oman, though prices remained ⁠above $100 a barrel. Europe’s energy sector nonetheless edged up 0.1%.

Investors also focused on the Bank ​of England, which held rates steady while warning that soaring energy costs would intensify inflation pressures.

The UK’s blue-chip FTSE 100 jumped 1.2%, ⁠marking its biggest one-day gain in over two months.

Euro zone inflation was revised slightly lower to an annual 3.2% in August, from a preliminary estimate of 3.3%.

Among other stocks, Berentzen climbed 19.4% after the German spirits manufacturer confirmed its negotiations regarding a potential takeover bid from ​U.S.-based alcohol producer Sazerac.

Elsewhere, the U.S. central bank’s first rate increase in three ​years on Wednesday reinforced expectations that central banks are stepping up efforts to curb inflation. US Treasury ​yields fell on Thursday as investors assessed the decision and signals of further tightening ahead.

Yesterday’s move was really about restoring, I think, Fed’s credibility, Luca Bindelli, head of investment strategy at Lombard Odier, said.

Bindelli said: This has come with declining interest-rate ​volatility, which was hurting sentiment and, in particular, putting pressure on equity valuations.