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Written by Sruthi Shankar
(Reuters) – European stocks fell on Monday as higher government yields prompted investors to pull out of bonds as the end of the year turned out to be good for some regional markets.
The pan-European index was down 0.3% by 0947 GMT, with tech and industrial equipment makers leading the broader decline.
Trading figures were weak ahead of the New Year holiday on Wednesday. Markets in Germany, Italy and Switzerland are also closed on Tuesday, while those in the UK and France have a half-day of trading.
The German 10-year bond has traded higher since mid-November, following a rise in US Treasury yields, as well as uncertainty over fiscal policy next year and expectations of inflationary policies under the president’s Trump affects investor sentiment.
The STOXX 600 is on track to rise 5.9% year-on-year, with German stocks leading regional wealth and French shares declining.
However, Europe’s stock is poised for a 25% increase this year as interest rate cuts from the Federal Reserve and the spread of AI business have boosted Wall Street’s tech behemoths.
“Rising S&P 500 and Nasdaq highlight tech-fueled market gains, although last Friday’s sell-off, driven by higher Treasury yields, was a stark reminder of lingering concerns ,” said Matt Britzman, senior equity researcher at. Hargreaves (LON:) Lansdowne.
Germany fell 0.3% on its last trading day of the year but was looking for a 19% annual gain, making it the year’s best performer. this among the great schools of Europe.
On the other hand, 40 was aimed at an annual decline of 2.5%, driven by concerns about the country’s budget deficit and political unrest.
Siemens (ETR:) Healthineers fell 1.2% after Siemens AG (OTC:) Chief Financial Officer Ralf Thomas told the Handelsblatt newspaper that the German technology group is reviewing its majority stake in the medical technology sector.
BayWa rose 12% after the Munich-based agricultural products and agricultural products trader said it had reached a restructuring agreement with its main shareholders and investors.
