India, Oct. 8 -- European stocks drifted lower on Thursday as a broad global bond sell-off and surging oil prices revived inflation and interest-rate worries.
Brent crude futures topped $104 a barrel after reports suggested that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections.
U.S. Treasury yields surged back toward multi-decade highs, with yields on 10-year and 30-year Treasury notes trading near 5.32 percent and 5.71 percent, respectively after the minutes of the September Federal Reserve monetary policy meeting showed unanimous support for another interest-rate hike by the end of this year.
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