European shares slip after three-day gain as rise in oil, yields weigh

Oct 7 (Reuters) European shares edged lower on Wednesday after three straight sessions of ​gains, as higher oil ‌prices and ascent in global bond yields weighed on sentiment. The pan-European STOXX 600 index was down 0.4% ‌to ​633.98 points by ⁠0823 GMT, with ⁠tech and mining stocks leading declines. Oil prices climbed almost a percent as the market weighed ​supply constraints from a storm heading for US ⁠oil-producing regions and ⁠attacks by Yemen s Iran-backed ​Houthis on Saudi Arabia against increased ​supplies of Middle East crude. [O/R] US ‌and Europe bond yields edged higher and French spreads widened on lingering concerns about ⁠France s deteriorating fiscal situation ahead of next year s presidential election. Among individual stocks, UK s ⁠Pennon ‌Group shed 15.4% ⁠after the water utility ​firm ‌launched a fully underwritten £550 ​million ($728.5 million) ⁠rights issue and lowered its dividend in a bid to fix operational problems. (Reporting by Sudeshna Ghoshal in Bengaluru