Europe Stocks Drop as Benchmark Debt Yield Reaches 17-Month High
Franklin's Lingard Says Markets Tend to Shrug Off Tension
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European stocks dropped with bonds as the yield on the region’s benchmark debt climbed to its highest level in more than 17 months.
The Stoxx Europe 600 Index fell 0.7 percent the close in the biggest retreat in a week. The yield on German 10-year bunds rose 0.09 percentage point to 0.56 percent, the highest level since January 2016. Bonds across Europe dropped after the results of a French debt auction were published, which showed lower demand for French 30-year debt.