According to Jinshi, European stocks fell for the second consecutive trading day as investors focused on rising bond yields due to concerns that the Federal Reserve may maintain tight monetary policy. European stocks are still expected to rise in May due to better-than-expected earnings season and market expectations that the European Central Bank will start cutting interest rates as early as next month. However, as stocks approach historical highs, momentum fades and the risk of a correction is increasing. Marija Veitmane, senior multi-asset strategist at State Street Global Markets, said that the bond market is reacting to stronger US economic data, which is bad news for stocks in general, especially European stocks.