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European shares set for first monthly loss in six as bond yields weigh
European shares were headed for their first monthly decline in six on Wednesday as inflation risks stemming from the Middle East war battered bond markets across the globe, driving borrowing costs higher. On the day, the pan-European STOXX 600 was up 0.7% at 642.69 points by 0722 GMT. The index is set to end the month with a 1.5% decline and the third quarter, nearly flat. A surge in global bond yields to multi-decade highs has put pressure on stocks in recent weeks as investors brace for higher interest rates to tame inflationary pressures from surging energy prices. Oil prices edged higher o...
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