European stock markets fell back after a four-day rally, with mid-sized stocks in the UK leading the decline.

Due to concerns about rising bond yields, European stock markets fell after four consecutive gains, with the STOXX Europe 600 index falling by 0.6%. Following high inflation data in the UK, the FTSE 250 index fell by 0.7%, with stocks focusing on domestic UK businesses generally weakening, while banks and telecom stocks outperformed the market. With the rise in US bond yields, the momentum of European stock markets is fading after the trade truce, with the STOXX 600 index currently down 2% from the historic high set in March.