By Bansari Mayur Kamdar and Sruthi Shankar -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate stocks pressured by surging bond yields, whileSaltWire's Atlantic regional weather forecast for September 26, 2023 | SaltWire -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate stocks pressured by surging bond yields, while fears over a sputtering Chinese economy sent a gauge of luxury stocks into bear...
"If the U.S. 10-year yield moves to 4.75% we will most likely begin seeing widening cracks in equities as the prevailing narrative of falling inflation collapses," strategists at Saxo Bank said. European luxury giants LVMH and Richemont weakened 1.4% and 3.0% as investors remain concerned about a disappointing post-pandemic recovery in China and faltering sales in the United States.
Norwegian hydrogen company Nel tumbled 11.0% to the bottom of the STOXX 600 due to weak sentiment among hydrogen stocks.