European Shares Mark First Monthly Loss in Six Amid Rising Oil and Bond Yields
European shares recorded their first monthly decline in six months on Wednesday. This downturn was attributed to a surge in global bond yields, which diminished the attractiveness of riskier investments, despite the release of cooler-than-expected U.S. inflation data. The pan-European STOXX 600 index closed down 0.5%.
European shares posted their first monthly decline in six on Wednesday as global bond yields climbed, reducing appetite for risk assets, while investors also weighed softer-than-expected US inflation data. 5% lower.