(Bloomberg) -- European stocks headed for the longest
losing streak in three months after the U.S. 10-year bond yield
rose above 5 percent for the first time since August, deepening
concern central banks are poised to raise interest rates.
UBS AG, the region's biggest bank by assets, utility E.ON AG
and insurer Axa SA paced declines by companies most sensitive to
higher rates. Volvo AB and SKF AB led industrial companies lower
after brokerages downgraded the stocks.
Read more at Bloomberg Stocks News
losing streak in three months after the U.S. 10-year bond yield
rose above 5 percent for the first time since August, deepening
concern central banks are poised to raise interest rates.
UBS AG, the region's biggest bank by assets, utility E.ON AG
and insurer Axa SA paced declines by companies most sensitive to
higher rates. Volvo AB and SKF AB led industrial companies lower
after brokerages downgraded the stocks.
Read more at Bloomberg Stocks News
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