European stocks down, euro hits 16-month low vs pound, French bonds sell off
European shares fell in early trading, part of a broad cross-asset selloff. The euro dropped to its lowest level in 16 months against the pound, and French 10-year yields rose 10 basis points. The STOXX 600 was down 0.3% and the Euro STOXX 50 index down 0.8%.
European shares fell in early trading as the euro dropped to a 16-month low against the pound and French spreads widened again, while French 10-year yields rose 10 basis points. 3%, though European tech stocks had hit a fresh all-time high on Tuesday. Forvia gained 7% after it signed a joint venture deal with Anand Group in India. 8%.
3% against the pound.