European Stocks Fall as Rising Bond Yields Weigh

European stocks slipped on Monday as the initial euphoria over strong US jobs data last week faded and rate-sensitive sectors such as real estate and utilities came under pressure from higher bond yields. The STOXX 600 index (.STOXX), opens new tab was down 0.2 percent, with real estate (.SX86P), opens new tab and utilities (.SX6P), opens new tab sectors losing 1.1 percent and 0.5 percent. Among stocks, Richemont (CFR.S), opens new tab rose 1.3 percent. Shares of Heidelberg Materials (HEIG.DE), opens new tab climbed 5.6 percent following a report that the Adani Group is in talks to buy the German company's Indian cement operations a deal that could be worth about USD 1.2 billion. Source: Qatar News Agency