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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: European shares head for first monthly decline in six months as yields rise

European shares were on course for their first monthly decline in six months on Wednesday as rising inflation risks linked to the Middle East conflict pushed global bond yields higher and raised concerns over the outlook for interest rates, according to a report by Reuters.

The pan-European STOXX 600 was up 0.7% at 642.69 points by 0722 GMT, but was set to end September down around 1.5%. The index was also heading for a nearly flat performance in the third quarter.

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