(Reuters) – European stocks fell on Monday, led by technology and healthcare stocks, as global stocks faced pressure after U.S. jobs data boosted bets that the Federal Reserve will be cautious about cutting interest rates this year.
The pan-European was down 0.5% by 08:12 GMT, extending its slide after falling nearly 1% on Friday when data showed US job growth unexpectedly accelerated in December, while the unemployment rate fell to 4.1 %.
Tech stocks trailed their Wall Street peers with a 1.6% decline, while healthcare heavyweights fell 0.9%.
Energy heavyweights, however, advanced 0.9% as prices rose more than 1%. [O/R]
European government bond yields remained elevated, in line with US government bonds. The yield on the 10-year bond hovered near its highest level in more than six months.
Later in the week, the focus will be on inflation data across the continent, including the UK and Germany, along with the US consumer prices report.
Entain jumped 8.8% after the British gambling group said it expected underlying profits for 2024 to be at the top of its forecast range.
