Risk assets came under pressure as wider bond spreads and rising inflation concerns weighed on sentiment, according to market data cited by ChainCatcher from Gate. Deutsche Bank strategists said those factors were adding strain across major equity benchmarks in both Europe and the United States.
In Europe, the STOXX 600 fell 1%, while France’s CAC 40 dropped 1.22% and Italy’s FTSE MIB lost 2.51%. European banking stocks posted a steeper decline of 3.38%.
U.S. markets also moved lower. The S&P 500 slipped 0.22%, with industrials down 2.14% and materials off 1.53%. The Nasdaq index fell 0.22%, and the Magnificent Seven declined 0.2%. The Russell 2000 dropped 1.31%.
The move, as presented in the Gate market data cited by ChainCatcher, reflects pressure across a range of equity segments rather than a single sector-only pullback.
Risk assets were under pressure as wider bond spreads and growing inflation concerns weighed on sentiment, according to Gate market data cited by ChainCatcher. Deutsche Bank strategists said those factors were pressuring risk assets.
In Europe, the STOXX 600 fell 1%, France’s CAC 40 dropped 1.22%, and Italy’s FTSE MIB declined 2.51%. European banking stocks fell 3.38%.
In the United States, the S&P 500 slipped 0.22%. Industrials and materials fell 2.14% and 1.53%, respectively. The Nasdaq index and the Magnificent Seven each moved lower, down 0.22% and 0.2%. The Russell 2000 fell 1.31%.
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