European Shares Mixed As Yields Rise

By Rtt News Staff Writer5 days ago

European stocks were mixed on Tuesday, with U.K. shares outperforming as trading resumed after a holiday-extended weekend. Caution prevailed as U.S. government bond yields edged higher after declining for two consecutive days.

The pan European Stoxx 600 slipped 0.1 percent to 439.48 after rising 0.6 percent on Monday. The German DAX fell 0.7 percent, while France's CAC 40 index rose 0.2 percent and the U.K.'s FTSE 100 was up 0.6 percent.

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Dassault Aviation soared 6.6 percent in Paris after Egypt's defense ministry decided to purchase an additional 30 Rafale fighter jets to equip its force.

Norwegian telecommunications company Telenor ASA fell 2.3 percent after posting a first-quarter net loss.

Adecco Group lost 4 percent. After posting a profit in the first quarter, the Swiss recruitment firm cautioned that COVID-19 related uncertainties remain elevated.

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