Europe markets slide with yields at multi-year highs

European equities slid as yields sit at multi-year highs, weighing on risk appetite. The Europe 50 benchmark underperformed, with London’s FTSE 100 dropping 0.61% to a four-week low while the pound fell to about $1.35 amid updated UK economic forecasts. Germany’s DAX eased 0.25% and France’s CAC fell 0.56%. Italy’s consumer confidence also weakened, adding to regional growth concerns. Overall the move reflects a risk-off tone driven by higher yields and softening macro data, pressuring European indices and sterling.