AIRLINK 170.50 Decreased By ▼ -2.65 (-1.53%)
BOP 10.58 Decreased By ▼ -0.07 (-0.66%)
CNERGY 8.42 Decreased By ▼ -0.10 (-1.17%)
CPHL 99.34 Increased By ▲ 1.88 (1.93%)
FCCL 46.70 Decreased By ▼ -0.55 (-1.16%)
FFL 15.27 Decreased By ▼ -0.15 (-0.97%)
FLYNG 27.44 Decreased By ▼ -0.69 (-2.45%)
HUBC 137.99 Decreased By ▼ -0.92 (-0.66%)
HUMNL 12.83 Increased By ▲ 0.02 (0.16%)
KEL 4.47 Decreased By ▼ -0.07 (-1.54%)
KOSM 5.53 Decreased By ▼ -0.02 (-0.36%)
MLCF 61.77 Decreased By ▼ -0.49 (-0.79%)
OGDC 213.49 Decreased By ▼ -1.26 (-0.59%)
PACE 5.49 Decreased By ▼ -0.06 (-1.08%)
PAEL 46.20 Increased By ▲ 1.34 (2.99%)
PIAHCLA 18.86 Increased By ▲ 0.16 (0.86%)
PIBTL 10.55 Decreased By ▼ -0.19 (-1.77%)
POWER 12.40 Increased By ▲ 0.14 (1.14%)
PPL 172.80 Decreased By ▼ -1.07 (-0.62%)
PRL 36.12 Decreased By ▼ -0.10 (-0.28%)
PTC 23.50 Decreased By ▼ -0.06 (-0.25%)
SEARL 96.65 Increased By ▲ 1.34 (1.41%)
SSGC 40.16 Increased By ▲ 1.03 (2.63%)
SYM 13.85 Decreased By ▼ -0.17 (-1.21%)
TELE 7.16 Decreased By ▼ -0.07 (-0.97%)
TPLP 10.13 Decreased By ▼ -0.16 (-1.55%)
TRG 63.89 Decreased By ▼ -0.79 (-1.22%)
WAVESAPP 9.99 Decreased By ▼ -0.05 (-0.5%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.68 Decreased By ▼ -0.02 (-0.54%)
BR100 12,380 Decreased By -111.9 (-0.9%)
BR30 37,331 Decreased By -363.1 (-0.96%)
KSE100 115,427 Decreased By -762.4 (-0.66%)
KSE30 35,512 Decreased By -238.4 (-0.67%)

European stocks edged lower on Monday as elevated government bond yields prompted investors to pull out of equities at the end of a year that has been positive for some regional markets.

The pan-European STOXX 600 index dropped 0.3% by 0947 GMT, with technology and industrial goods makers leading broad-based declines.

Trading volumes were thin ahead of the New Year holiday on Wednesday.

Stock markets in Germany, Italy and Switzerland are shut on Tuesday as well, while those in the UK and France have a half-day trading session.

The 10-year German bund yield traded at its highest since mid-November, tracking a rise in US Treasury yields, as uncertainty around monetary policy next year and prospects of inflationary policies under a Trump presidency weighed on investor sentiment.

The STOXX 600 is still on course for a 5.9% annual rise, with German stocks leading regional gains and French shares lagging.

Still, the European benchmark lags the S&P 500’s 25% surge this year as interest rate cuts from the Federal Reserve and a boom in AI trades boosted Wall Street’s tech behemoths.

“The surging S&P 500 and Nasdaq underscore the market’s tech-fuelled triumph, though last Friday’s sell-off, triggered by climbing Treasury yields, was a sobering reminder of lingering rate concerns,” said Matt Britzman, senior equity researcher at Hargreaves Lansdown.

European stocks tumble after Fed’s hawkish signal

The German DAX dipped 0.3% on its final trading day of the year but looked on course for a 19% annual surge, making it the top performer this year among major European bourses.

On the flip side, France’s CAC 40 was set for an annual drop of 2.5%, driven by concerns about the country’s spiralling fiscal deficit and political turmoil.

Siemens Healthineers dipped 1.2% after Siemens AG’s Chief Financial Officer Ralf Thomas told the Handelsblatt newspaper that the German technology group is reviewing its majority stake in its medical technology unit.

BayWa surged 12% after the Munich-based trader of farming supplies and produce said it had reached a restructuring agreement with its major shareholders and financiers.

Comments

200 characters