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Shares fall amid renewed concern rates could stay higher for longer

News Snapshot:

Wall Street fell on Friday as rate-sensitive technology and growth stocks dropped after hotter-than-expected producer prices data for July sent US bond yields higher. Photograph: Michael M. Santiago/Getty Images European shares fell on Friday as concerns that global interest rates could stay elevated for longer took centre stage, while UBS shares jumped after the Swiss lender ended a state guarantee granted for its takeover of Credit Suisse. Investors were also concerned about the likelihood of slowing global economic growth and the possibility of further rate rises from the European Central Bank. Dublin The Iseq Overall Index ended the week almost…

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