European Stocks Decline as Treasury Yields Rise

European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors.

The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%.

The French CAC40 index finished lower by 0.24%, while the German DAX declined by 0.69%.

In the UK, the FTSE100 index lost 0.11%.