Dollar rises, European stocks and bonds fall after reports of U.S. warship being hit missiles

LONDON, May 4 (Reuters) - The dollar strengthened while European shares and bond prices ‌fell on Monday after Iran's Fars News agency reported that two missiles hit a U.S. warship when ⁠it tried to pass through the Strait of Hormuz.

The dollar index , which measures the currency against six peers, rose 0.3% to 98.542.

The pan-European STOXX 600 (.STOXX), ‌index ⁠was last down 0.9%, while the blue-chip Euro STOXX 50 (.STOXX50E), was 1.7% lower.

Germany's 10-year ⁠bond yield , the benchmark for the euro zone bloc, was ⁠last up 5 basis points at 3.082%. ⁠Bond yields move inversely with prices.

Reporting by Samuel Indyk; Editing by Dhara Ranasinghe

Reuters

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Dollar rises, European stocks and bonds fall after reports of U.S. warship being hit missiles

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