European Stocks Plummet Amid Rising Bond Yields and Geopolitical Tensions

European stock markets closed mostly lower on Monday due to rising government bond yields and ongoing geopolitical tensions.

The STOXX Europe 600, representing around 90% of developed European equity markets, fell 0.22% to 656.41 points.

Investors had initially supported the session with gains in technology and mining shares, but later surrendered ground as sovereign borrowing costs increased.

Oil prices rose amid uncertainty surrounding the US-Iran conflict, reaching around $89 per barrel, which renewed concerns over inflation and European economic growth.