Stoxx 600 Falls 1.5% as Oil Surge Deepens Bond Selloff

8 articles · Updated · Bloomberg · May 18

The Stoxx 600 dropped 1.5% on Friday, marking its steepest decline since late March as European risk appetite weakened.
Rising oil prices stoked inflation fears and intensified a global bond selloff, pushing yields higher and pressuring equities.
Banks, utilities and real estate led the retreat as rate-sensitive sectors absorbed the hit from higher yields.
Miners also fell after metals from gold to copper pulled back, while energy stocks rose and healthcare and consumer staples held up better as defensive havens.

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