European equity close: Rought start eases most of last week’s gains

Closing changes:

• Stoxx 600 -1.2%
• German DAX -1.1%
• UK FTSE 100 -0.8%
• French CAC -1.5%
• Italy MIB -1.3%
• Spain IBEX -0.9%

Midway through Friday it looked like European stocks might be turning the corner but one-and-a-half trading days later, it’s right back into the dead zone. The rise in European yields certainly hasn’t helped.