European stocks and bonds slide after Bank of Japan policy shift

European shares were down on Friday after the Bank of Japan’s announcing a tweak to its policy of capping 10-year domestic government bond yields

European stocks and bonds fell on Friday, as the Bank of Japan’s decision to relax its grip on the government bond market rippled through global assets.

The region-wide Stoxx Europe 600 lost 0.4 per cent in early trade, having hit its highest level in more than a year in the previous session, while France’s Cac 40 fell 0.5 per cent and Germany’s Dax gave up 0.3 per cent.