Global Market: European Shares Head for First Monthly Decline in Six Months as Yields Rise
The STOXX 600 rose 0.4% but remained down 1.7% for the month as higher bond yields weighed on risk assets.
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European shares set for first monthly loss in six as bond yields weigh
The Economic Times
Times of IndiaGlobal Market: European shares head for first monthly decline in six months as yields rise
European shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields heightened inflation and interest-rate concerns. The STOXX 600 gained 0.7% but remained on track for a September loss. Mining stocks advanced, while investors awaited key European inflation data.
European stocks rose at the start of trading today, but are heading for their first monthly decline in six months. This is as inflationary risks due to the war in the Middle East have hit international bond markets, driving up borrowing costs. The pan-European STOXX 600 index was up 0.7 percent at 642.69 points at 10:22 a.m. The index is heading for a 1.5% decline on a monthly basis. The rise in bond yields internationally to multi-year highs ha…
European shares rose in early trade today, but are headed for their first monthly decline in six months as inflationary risks from the Middle East war hit global bond markets, pushing up borrowing costs. The pan-European STOXX 600 index rose 0.7% to 642.69 points at 10:22 […] The article European stock markets: Shares rise was originally published on AlphaTV.
The European equities are on the rise for the first monthly decline since March, with the Euro600 index down by about 1.5% this month. The technology sub-stocks' Europ index climbed by 0.41%, while the ".." sector regressed European shares at the beginning but headed to record monthly losses written in the Stock Exchange.
The rise in global bond yields to decade-highs is putting pressure on stocks.
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