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.

Shares fall amid renewed concern rates could stay higher for longer comes via ChinaTechNews.com.