Europe's stocks benchmark fell more than 1% today while German and French indexes slid by their most in nearly five months, as jitters in the bond markets over political risk looked to have spilled over into equities.

In London the FTSE closed 0.38% lower at 7,243, while all of the major euro zone markets also dropped.

The CAC in Paris lost 0.94% to 4,845, and in Frankfurt the DAX fell 1.1% to 11,807.

In Dublin the ISEQ ended 0.75% lower at 6,484. Datalex and Kerry Group were among the best performing shares, while Aryzta and CRH both lost value.

Meanwhile, in the US the Dow Jones is on track to break its 10-day record-setting streak, as investors reassess the ‘Trump rally’ after recent comments suggested that pro-growth policies might take longer to be implemented.

Shortly before 6.30pm the Dow Jones was 0.27% lower at 20,753, while the Nasdaq had lost 0.24% to 5,821.

Earlier in Asian trade, Tokyo's Nikkei index lost 88 points (0.45%) to close at 19,284 while the Hang Seng index in Hong Kong fell 149 points (0.6%) to finish at 23,966 as a recent Asian rally petered out as dealers look ahead to a key speech by US president Donald Trump next week.