European Stocks Track U.S., Asia Stocks Lower

European stock markets traded lower in early action on Monday, tracking losses seen overnight in Asia and last week in the U.S. where worries over rising Treasury yields spooked investors.

On Friday, the Dow Jones Industrial Average suffered its biggest weekly percentage drop of 2013 as the yield on the 10-year Treasury rose to hit the highest level in two years amid jitters over monetary policy. The Stoxx Europe 600 index lost 0.4% to 305.04 in Monday’s trade, erasing a 0.3% gain from Friday. Among country-specific indexes, the U.K.’s FTSE 100 index dropped 0.3% to 6,483.71, while France’s CAC 40 index gave up 0.7% to 4,096.90. Germany’s DAX 30 index gave up 0.6% to 8,338.65.

Source : Marketwatch