Finance
European stocks slip as bond yields stay high
Published by Global Banking & Finance Review®
Posted on December 30, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 30, 2024
2 min readLast updated: January 27, 2026
European stocks fell as high bond yields led investors to exit equities. The STOXX 600 index dropped, with German bund yields rising.
(Reuters) - European stocks edged lower on Monday as elevated government bond yields prompted investors to pull out of equities at the end of a positive year for regional markets.
The pan-European STOXX 600 index dropped 0.4% by 0819 GMT, with technology and industrial goods makers leading broad-based declines.
Trading volumes were thin ahead of the New Year holiday, with several markets in Europe set to close early on Tuesday.
The 10-year German bund yield traded at its highest since mid-November, tracking a rise in U.S. Treasury yields, as uncertainty around monetary policy next year and prospects of inflationary measures 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.
Siemens Healthineers dipped 0.6% 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 21% after the Munich-based trader of farming supplies and produce said it had reached a restructuring agreement with its major shareholders and financiers.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Janane Venkatraman)
The article discusses the decline in European stocks due to high bond yields impacting investor sentiment.
Shares dipped after Siemens AG's CFO announced a review of its stake in the medical technology unit.
BayWa's stock surged 21% following a restructuring agreement with major shareholders and financiers.
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