European Equities Turn Negative Amid US Stock Drop

By
Claudia Rossi
1 min read

European equities turned negative, tracking a sharp drop in US stocks, as traders reassessed the path of interest rates. The Stoxx Europe 600 index was down 0.8% by the close in London. The FTSE 100 pared gains after hitting closing record levels earlier in the day, while still outperforming most European markets. The US 10-year Treasury yields surged to 4.4%, their highest level since November. The shifts in global markets reflect the volatility and uncertainty surrounding interest rates and their impact on stock performance.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings