European markets close lower as bond moves wobble global stocks 
European markets closed mostly lower Thursday as a rise in bond yields saw jitters return to global stocks once again. The pan-European Stoxx 600 ended the session down by 0.4%, having earlier fallen more than 1%. Basic resources dropped 4.3% while utilities added 1.7%. 
Lufthansa shares sank 3% after the German airline group posted a smaller-than-expected net loss in the fourth quarter but saw a full-year loss of 6.7 billion-euro ($8.1 billion) in 2020. The airline warned that it will struggle to profit from flights before the end of 2021 as the pandemic continues to hammer air travel demand. 
Aviva exceeded company expectations to post flat 2020 operating profit of £3.2 billion ($4.5 billion) and sold out of its remaining businesses in Italy to focus on core markets, sending the British insurer’s shares 1.2% higher. 
Anglo-Australian mining titan Rio Tinto dropped 7.7%, after chairman Simon Thompson announced he would step down over the company’s destruction of a 46,000-year-old indigenous site in Western Australia. 
ProSiebenSat.1 shares fell 7.3% after the company projected single-digit revenue growth in 2021 despite a strong fourth quarter, while Swedish software company Sinch fell 9.3% to the bottom of the European index. 
Source: CNBC