India, June 8 -- European stocks traded lower on Monday as geopolitical tensions persisted, and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. Brent crude futures jumped nearly 5 percent above $97 a barre and Eurozone government bond yields scaled multi-week highs as Israel and Iran exchanged missile strikes, threatening hopes for a deal to end the Middle East war.
In economic releases, German factory orders logged a monthly fall of 3.8 percent in April, in contrast to the 4.5 percent increase in March, Destatis reported. Economists had forecast a fall of 2.2 percent.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News...