European stocks fall as bond yields rise
European stocks started the final quarter of the year with a decline, with the STOXX 600 index dropping by 1% to reach its lowest level since mid-September. This decline was driven by rising global bond yields, which reached levels not seen in years, along with concerns over inflation and rising energy costs. The increase in bond yields, especially U.S. Treasury bonds surpassing 5.31%, placed pressure on the markets, while oil prices fell below $100 and there are expectations for unemployment data that could lead to further economic tensions. Currently, there are fears of the first monthly loss in six months for European stocks.
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