European stocks end mixed; yields up as ECB hike looms
European indices closed with small moves as markets weighed higher rates and political uncertainty. Euro STOXX 50 rose 0.1% to 6,399, while STOXX Europe 600 was unchanged at 649.8.
European stock indices finished little changed on Monday as investors continued to weigh how higher interest rates could affect corporate earnings. Sovereign yields rose as higher budget deficits and political uncertainty added to pressure on the region, with the European Central Bank due to deliver its second rate hike of the year this week. 8. Insurance shares weakened, with Munich Re down 3% and Allianz off nearly 1%.
4% after strong signals from Korean chipmakers supported the sector.