European stocks set for first monthly decline

European stocks are heading for their first monthly loss in six months, driven by rising borrowing costs due to inflation risks associated with the Middle East conflict. Despite the Stoxx 600 index rising by 0.7%, it is expected to close September down about 1.5%. Global bond yields have increased to their highest levels in decades, adding pressure on equities, especially with expectations that interest rates will remain high to curb inflation caused by rising energy prices. Meanwhile, data showed that the UK economy grew faster than expected in the second quarter, while France's September inflation came in higher than anticipated. Mining company shares are among the biggest gainers, despite a decline in media stocks, as markets await upcoming German inflation data.

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