european stocks steady as global bond selloff impacts markets

European stocks showed a steady performance on Tuesday, with the Stoxx Europe 600 Index declining slightly by 0.1% as of 9:03 a.m. in Paris.

The market was influenced by a global bond selloff, which was driven by reduced expectations for interest rate cuts from the US Federal Reserve.

Different sectors had varying performance, with real estate and utilities underperforming, while technology and mining stocks showed resilience and outperformed their peers.

Notably, SAP stood out as a top performer in the technology sector, contributing positively to the overall market sentiment through its earnings announcements.

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