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flag European stocks fell 0.7% due to U.S. Treasury sell-off and economic contraction signs.

flag European stocks declined on Thursday, with major indices like Germany's DAX, France's CAC 40, and the UK's FTSE 100 all falling about 0.7%. flag The downturn was fueled by a U.S. Treasury sell-off, where 30-year yields topped 5.09%, mixed regional data, and disappointing earnings from several companies. flag The Eurozone's private sector returned to contraction in May, as indicated by a drop in the PMI Composite to 49.5, its lowest in six months. flag Despite the manufacturing sector showing some improvement, the services sector experienced a significant decline, contributing to overall economic contraction.

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