European Shares Fall on Rising Yields and Oil Price Concerns
European shares declined by 0.4% on Wednesday, ending a three-day winning streak as rising oil prices and higher global bond yields dampened investor sentiment. The STOXX 600 index dropped to 633.98 points, with technology and mining stocks leading losses. Oil prices rose nearly 1% due to potential supply disruptions from a storm in U.S. oil regions and attacks by Yemen's Houthis on Saudi Arabia. Meanwhile, U.S. and European bond yields increased amid concerns over interest rates and government borrowing. French bond spreads widened over fiscal worries ahead of the presidential election.
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