Page 10 - Keith Temperton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 Min Read (Reuters) - European stocks closed lower on Friday, ending three weeks of gains as investors booked profits in technology and commodity-linked shares due to concerns over rising inflation and interest rates on the back of a jump in bond yields. The benchmark European stock index fell 1.6%, and shed 2.4% for the week - its first weekly loss this month - with technology stocks losing the most as they continued to retreat from 20-year highs. On the day, resource stocks were the softest-performing European sectors, tumbling 4.2% from a near 10-year high in their worst session in five months. “Equity markets across the U.S. and Europe are quite expensive now and with bond yields constantly rising, the fixed income market is proving to be more attractive than the riskier equity market,” said Roland Kaloyan, a strategist at SocGen.

Roland kaloyanSriraj kalluvilaKeith tempertonHugh lawsonSagarika jaisinghaniThomson reuters trust principlesThomson reuters trustCentral eastern europeUnited kingdomInterest rates policyMarket reportsEmployment unemployment data policyPerformance results earningsEquities marketsReuters top newsWestern europe