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European Stock Markets Fall as Bond Selloff Hits Dividend Yielders Across the Board

European stock markets closed lower across the board Tuesday as investors continued to respond to earnings disappointments and a fixed income market that has continued to push bond yields higher.

Third-quarter earnings across Europe have been mixed to date, although the underperformers have garnered more attention. Economic data, meanwhile, continues to point towards stable U.K. growth and a steady if not spectacular eurozone recovery.

With inflation accelerating, also, expectations for another interest rate cut in the U.K. have...