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Europe Markets: European stocks log worst day in 7 weeks as rising bond yields buffet equity benchmarks

European stock benchmarks retreated Thursday, tracking a global equity pullback as a tumble in U.S. bond prices triggered global losses for assets perceived as risky as yields climbed.

What are markets doing?

The Stoxx Europe 600 SXXP, -1.08% dropped 1.1% to close at 379.68, after closing up 0.5% on Wednesday. The declined represented the sharpest one-day slide for the benchmark since Aug. 15, according to Dow Jones Market Data.

Germany’s DAX 30 DAX, -0.35% slipped less severely than its peers, down 0.4% to finish at 12,244.14, after reopening from a holiday on Wednesday. Meanwhile, Greece’s ASX Composite GD, +1.43% gained 1.4% to close at 676.36.

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