欧洲股票下跌，因地区债券收益率攀升，削弱了股票的吸引力，并引发了对更高借贷成本经济影响的担忧。斯托克欧洲600指数在伦敦时间11:19下跌1%，降至自6月以来的最低水平，银行和消费品股票领跌。富时100指数回落1.5%，成为表现最差的区域基准之一，因为30年期英国国债收益率升至6%，这是自1998年以来的首次。
个股方面，潘多拉A/S股价最多下跌5%，因首席执行官Berta de Pablos-Barbier表示，她看到美国需求在低位稳定，因为消费者正面临通胀和高油价。达维德·坎帕里-米兰诺NV股价上涨，因美国银行公司将其评级从中性上调至买入。银行股票在欧洲已连续六年表现优异，但随着收益率上升，正面临压力。
"即使是金融股也开始表现不佳，因为更高的收益率导致高收益信用利差扩大，银行最为暴露，如果最弱借款人的违约率上升，" said Wolf von Rotberg, equity strategist at Bank J Safra Sarasin. Rising yields generally lessen the appeal for equities as bonds turn into a clearer alternative. The pan-European benchmark snapped its five-month winning streak in September as Middle East tensions kept oil prices elevated and global bond yields moved higher. Inflation remains a key focus for investors after hotter-than-expected readings from France, Italy and Switzerland. Brent crude climbed 2.4% to about $100 a barrel Thursday, fanning the concerns about price pressures. Investors were also watching for news out of France as the government prepares to unveil plans to sharply narrow its budget deficit and will also auction a series of longer-dated government bonds later today. Stephan Kemper, chief investment officer at BNP Paribas Wealth Management Germany, said the CAC 40’s weak performance this year, along with doubts about Germany’s growth outlook, is weighing on investor sentiment.
"The toxic mixture of pressing bond yields, political uncertainties and high budget deficits is not only hitting bonds but equities as well," Kemper said.
来源: Bloomberg Markets · 由HeadlinesBriefing整理摘要