European Shares Slide As Bond Yields Surge On Inflation Concerns

European stocks traded lower on Monday as geopolitical tensions persisted, and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year.

Brent crude futures jumped nearly 5 percent above $97 a barre and Eurozone government bond yields scaled multi-week highs as Israel and Iran exchanged missile strikes, threatening hopes for a deal to end the Middle East war.

In economic releases, German factory orders logged a monthly fall of 3.8 percent in April, in contrast to the 4.5 percent increase in March, Destatis reported. Economists had forecast a fall of 2.2 percent.