European market turns lower on broader tech selloff

  • June 26, 2026
  • Posted by: EWGFX
  • Category: news
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London (UKX) -0.24%

Germany (DAX:IND) -0.54%.

France (CAC:IND) -0.15%.

Sweden’s Economic Tendency Indicator climbed to 101.7 in June. Sweden’s household confidence indicator increased to 93.6 in June.

Retail sales in Norway fell by 2.1% M/M in May. Producer prices in Sweden increased 6.6% Y/Y in May.

Hungary’s current account posted a surplus of €0.25B in Q1.

The pan-European Stoxx 600 (STOXX) edged down 0.32% to €638, as a renewed sell-off in technology stocks and mounting concerns over elevated AI-related valuations weighed on global market sentiment. Sentiment was also dampened by reports that OpenAI (OPENAI) may postpone its initial public offering until 2027.

In the bond market, the yield on the US 10-year Treasury was down 1 basis point to 4.38%.

UK’s 10-year yield was down 1 basis point to 4.69%.

Germany’s 10-year yield was down 2 basis points to 2.84%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)