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European Stocks Close Lower On Weak Data, Rising Bond Yields

Mar 04, 2021 - Nasdaq

(RTTNews) - European stocks closed mostly weak on Thursday despite coming off the day's lows, as higher U.S. bond yields raised concerns about inflation and the economic outlook. Concerns over high valuations also contributed to the weakness in the markets.

Data showing a contraction in euro area construction activity, drop in retail sales, and some disappointing earnings reports too weighed on stocks.

Investors were looking ahead to a speech from Federal Reserve Chair Jerome Powell ...