European Stocks See Third Weekly Loss as Bond Yields Surge

European stocks tumbled and several regional indexes moved into correction territory (>=10% off recent highs) as bond yields rose on renewed inflation concerns. The ongoing Middle East war is weighing on risk sentiment, triggering a broad risk-off move that lifted yields and pushed markets lower.

Analysis

European stocks tumbled and several regional indexes moved into correction territory (>=10% off recent highs) as bond yields rose on renewed inflation concerns. The ongoing Middle East war is weighing on risk sentiment, triggering a broad risk-off move that lifted yields and pushed markets lower.