European stocks slip as energy prices and yields weigh
European stocks close marginally lower as sustained energy-price rises and higher yields add macro headwinds; Euro STOXX 50 -0.1% to 6,530 and STOXX Europe 600 -0.2% to 656.
European stocks closed marginally lower on Monday as the sustained increase in energy prices added to macroeconomic headwinds for the European economy. 2% to 656. European natural gas prices extended their surge toward multi-year highs as the prolonged blockade of LNG tankers from the Middle East magnified shortages in renewable power generation in the central part of the continent, as low river-tides forced multiple nuclear power plants to shut down. Yields in major economies rose to multi-decade highs, pressuring banks consumer-sensitive luxury companies.
4%. 6%, tracking US AI companies following strong results from Anthropic. Also, Argenx surged 1% after reporting a successful trial for its drug Vyvgart.