The oil and gas sector was the only gainer, with gains of 0.8%, following the path of oil prices.
European shares fell in early trade today as a rise in bond yields globally fueled concerns that interest rates will remain elevated for longer.
The pan-European STOXX 600 index fell 0.3% at 10:08 Greek time, with almost all markets and sectors in the region moving into negative territory.
The oil and gas sector was the only gainer, with gains of 0.8%, following the path of oil prices.
The yield on the US 10-year bond rose to 4.5639%, while the German 10-year yield hit a one-month high of 2.627% earlier as market players digested the unexpected improvement in US consumer confidence reported yesterday. Investors’ attention will now turn to German inflation data due later today.
Shares in International Distributions Services, the parent company of Britain’s Royal Mail, jumped 3.1% as it agreed to a formal £3.57bn takeover by Czech billionaire Daniel Kretynsky.
Source: Skai
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