European shares fall as rising bond yields renew rate jitters
European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying elevated for longer, even as investors awaited more economic data to firm up bets on rate cuts.
declined on Wednesday as rising globally spurred concerns of staying elevated for longer, even as investors awaited more to firm up bets on .The pan-European 600 index fell 0.3% by 0708 GMT, with nearly all markets and sectors in the region trading in the red.
Oil and gas was the only gainer among sectors in early trade, rising 0.8%, tracking higher .
The on rose to 4.5639%, while spiked to a one-month high and was last at 2.627% as traders digested the unexpected improvement in on Tuesday.
Investors now shift their focus to the from Germany later in the day, which is expected to show some moderation on a monthly basis in May.
of were flat as it sought more time to engage with over its 38.6 billion pounds ($49.20 billion) offer. Anglo American's stock slid 1.6%.
Shares of 's parent company jumped 3.1% as it agreed to a 3.57 billion pound ($4.55 billion) formal takeover offer by Czech billionaire Daniel Kretinsky.
Delivery Hero fell to the bottom of STOXX index, down 3.5%, after Morgan Stanley cut its rating to equal-weight from overweight.
Source: Stocks-Markets-Economic Times
