European stocks fall for seventh day as global mood sours

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(Reuters) - European shares fell for a seventh consecutive session on Thursday, on track for their longest losing streak in more than five years, ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - European shares fell for a seventh consecutive session on Thursday, on track for their longest losing streak in more than five years, weighed down by twin concerns of a slowing European economy and elevated U.S. interest rates.

Rate-sensitive tech shares dropped nearly 1% as U.S. Treasury yields surged after stronger-than-expected services sector data on Wednesday fuelled concerns that sticky inflation meant interest rates will stay higher for longer.

 

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