European Stock Markets Fall

By Modupe Gbadeyanka 

European stocks have fallen on Tuesday as rising bond yields as well as concerns over valuations becoming increasingly stretched has dented investors’ appetite for riskier assets.

While the French CAC 40 Index is down by 0.5 percent, the German DAX Index is down by 0.6 percent and the U.K.?s FTSE 100 Index is down by 0.7 percent.

Banks are mostly lower, with Deutsche Bank, Societe Generale, Barclays and Royal Bank of Scotland losing 1-2 percent.

Dutch consumer electronics giant Philips Electronics NV has come under pressure despite the company reporting significantly higher profits in its fourth quarter.

Loomis has tumbled after the Swedish support services firm 
reported fourth quarter earnings that missed analysts’ estimates.

Meanwhile, Swiss watch and jewelry maker Swatch Group has rallied after its fiscal 2017 net income grew 27.3 percent from last year.