European stocks end winning run on back of investor inflation concerns 

US and eurozone bond yields retreated slightly, but stayed close to highs hit this week as investors positioned for higher inflation this year. 

European stocks closed lower, ending three weeks of gains as investors booked profits in technology and commodity-linked shares due to concerns over rising inflation and interest rates on the back of a jump in bond yields.

The benchmark European stock index fell 1.6%, and shed 2.4% for the week — its first weekly loss this month — with technology stocks losing the most as they continued to retreat from 20-year highs.