European Stocks Hit Multi-Month Lows on Bond Yields, Oil Prices
Major European markets fell to multi-month lows on Thursday, driven by elevated bond yields and surging oil prices. Investors reduced commitments ahead of the weekend, despite softer US PCE inflation data easing concerns about Federal Reserve rate hikes.
Major European markets fell to multi-month lows on Thursday as elevated bond yields and rising oil prices weighed on sentiment, with investors trimming positions ahead of the weekend. The softer-than-expected US PCE inflation data eased concerns about Fed rate hikes.