(Reuters) - European shares opened lower on Friday and are on track to post weekly losses as concerns around interest rates globally remaining higher ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - European shares opened lower on Friday and are on track to post weekly losses as concerns around interest rates globally remaining higher for longer and dwindling growth prospects in China hammered risk sentiment.
Surging bond yields have pressured equities this week, with the STOXX 600 headed for a weekly fall of nearly 2%. Shares of China-exposed luxury heavyweights LVMH, Kering and Hermes fell between 0.6% and 1.2% on heightened concerns of weak economic growth in the world's second-largest economy.
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