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As of 0703 GMT, the pan-European STOXX 600 was down 0.5% and poised for its fourth consecutive day of losses, if trend holds.
Surging bond yields have pressured equities this week, with the STOXX 600 headed for a weekly fall of nearly 2%.
China’s economy was the other topic on investors’ minds as a series of economic data and ructions in the property sector have laid bare the stumbling post-pandemic recovery.
Shares of China-exposed luxury heavyweights LVMH (EPA:LVMH), Kering (EPA:PRTP) and Hermes (EPA:HRMS)fell between 0.6% and 1.2% on heightened concerns of weak economic growth in the world’s second-largest economy.
Embattled developer China Evergrande Group filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises.
European miners, who also face an exposure to China, fell 1.1% in early trade.
UK’s blue-chip FTSE 100 fell 0.6% after data showed British retail sales slumped more sharply than expected in July.
Among individual stocks, Frankfurt-listed Suse (ETR:SUSEG) surged 58% after the software solutions provider said it would be taken private by its majority shareholder EQT (NYSE:EQT) AB (ST:EQTAB) for an offer price of 16 euros per share.
