European stocks decline amid bond and oil gains
European stocks are on track for a weekly loss due to bond pressures and rising oil prices, amid inflation concerns stemming from the Middle East crisis. The Stoxx 600 index increased by 0.06%, but it is headed for its second consecutive weekly drop. Meanwhile, U.S. Treasury yields resumed their upward climb after the government hinted at the possibility of expanding buyback operations to manage public finances. The basic materials sector saw the largest gains, rising by 1.3%, supported by higher gold prices and a weaker dollar.
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