European Stocks See Third Weekly Loss as Bond Yields Surge

European stocks tumbled on Friday, with a number of regional indexes moving into correction as bond yields rose on inflation concerns with the Middle East war dragging on.

The Stoxx Europe 600 Index was down 1.8% by the close and fell for a third straight week, the longest run in almost a year. The selloff sent France’s CAC 40 Index and Sweden’s OMX 30 Index into correction, with the two benchmarks now down more than 10% from their February peak.