European Stocks Fall Amid China Covid Spread, French Uncertainty
- Bond selloff, war in Ukraine further weigh on risk appetite
- Quarterly earnings will be the next catalyst for stock markets
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European equities started the week on a negative note as investors weighed an array of risks, from China’s Covid-19 flare up and an uncomfortably tight race for the French presidency, to surging bond yields and the war in Ukraine.
The Stoxx 600 Europe Index fell 0.6% at the close, tracking Asian stocks lower. Technology and consumer products shares were the biggest drag on the gauge, while banks and insurers outperformed on rising bond yields.