Global Sentiment Stutters as European Markets Hit Seven-Month Low

European equity markets opened at a seven-month low as global sentiment stutters and investors digest comments from the U.S. The pan-European Stoxx 600 index opened 0.7% down, with mining stocks experiencing the biggest drop. Meanwhile, the yield on the benchmark U.S. 10-year Treasury crossed 5% for the first time in 16 years. German producer prices also posted their biggest year-on-year decline, indicating easing inflation in Europe's largest economy.