European Stocks Fall as Bond Yields Push Investors Away

European stocks fell on Monday, mirroring Wall Street's decline, as persistently high government bond yields prompted investors to shift away from equities. Trading volumes were light ahead of the New Year holiday on Wednesday. Stock markets in Germany, Italy, and Switzerland were closed on Tuesday, while those in the UK, France, and Ireland operated with a half-day session.

The Iseq managed to end in positive territory, despite spending most of the trading day in the red, with the index achieving a 0.2 percent gain amidst low trading volumes across the board. The FTSE 100 dropped 0.4 percent, with gold miners spearheading the broader market decline as investors took profits heading into the new year. The mid-cap FTSE 250 also lost 0.4 percent. Precious metal miners suffered the biggest losses on the day, falling 2 percent and reaching their lowest levels in over three months, as gold prices retreated. Personal goods followed with an 1.1 percent decline. Most major FTSE 350 sectors experienced losses, although banks and travel and leisure shares both gained 0.3 percent. Investors will likely be watching for further clues on the Bank of England's monetary policy direction in early 2025. The pan-European Stoxx 600 index closed 0.6 percent lower, with technology and healthcare stocks leading the widespread declines. The 10-year German bund yield traded near its highest point since mid-November, mirroring a rise in US Treasury yields, as uncertainty surrounding monetary policy next year and the potential for inflationary policies under a Trump presidency dampened investor sentiment. The Stoxx 600 is projected to finish the year with a 5.9 percent annual increase. The German Dax dipped 0

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European Stocks End at Over-One-Month High, Bank Stocks Drive Gains Amid French Political UncertaintyEuropean stocks reached a more than one-month high, influenced by strong performances in the banking sector and the hope of a new budget in France following the fall of the prime minister's government. The Cac 40 index in Paris saw a modest increase of 0.3% despite ongoing political instability. The Iseq gained 0.6%, with significant contributions from Ryanair and Irish banks. However, the FTSE 100 and FTSE 250 showed minimal changes, and the personal goods sector witnessed a robust 3.3% increase.
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