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 index was ‌last down 0.9%, while the blue-chip Euro STOXX ⁠50 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)