Why the European Stocks are down?

From past four days the European stocks have been decreasing slowly and again on the fourth day too the stocks fell making it the longest streak in almost these three months. The first day decline was due to Deutsche Bank AG and BNP Paribas. And the second day the European stocks had come down due to Ryanair Holdings which has led the Dow-Jones Stoxx 600 index to its biggest drop in almost 3 months. And now the fourth day depreciating condition is due to rise the U.S 10-year bond above 5% making the central banks to think of raising the interest rates.

The Stoxx 600 last week was at its highest peak since September 2000 but the declined 1.2% to 385.52 yesterday. The Stoxx50 slithered to 0.9% while the Euro Stoxx 50 a measure for the 13 nation’s benchmark lost 1.3%. National Benchmarks fell in all of the 17 western European markets that were open, France’s CAC 40 dropped 1.5% and Germany’s DAX sunk 1.4%. The U.K’s FTSE 100 skid to 0.3%.

In my opinion though they are down, they are gonna fly back to their original position. Because the central bank is not yet quite sure of raising the interest rates.