European Equities Turn Negative Amid US Stock Drop

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.