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Jan 13 Reuters European shares slipped in a broader market selloff on Monday, as global equities faced pressure after U.S. jobs data reinforced bets the Federal Reserve will be cautious in cutting interest rates this year.

The panEuropean STOXX 600 was down 0.9 by 0954 GMT, extending its declines following a near 1 drop on Friday when data showed U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1.

It39;s a tough environment for investors in Europe. Europe39;s rightfully cheap, said Chris Beauchamp, chief market analyst at IG Group.

Investors are not in a congenial mood for risk taking. They are certainly selling first and asking questions later at the moment, and Europe has been caught up in that.

Ratesensitive technology stocks followed their Wall Street peers lower with a 2.3 decline, while media shed 1.8.

Adding to the losses, aerospace and defence and heavyweight healthcare lost 1.6 and 1, respectively.

Energy stocks were an outlier, up 0.4 as crude oil prices gained on wider U.S. sanctions on Russian oil and the expected effects on exports to top buyers India and China.

European government bond yields remained elevated, in line with U.S. Treasuries. The yield on the 10year bund hovered near its highest in over six months.

In the UK, yield on the 30year gilt jumped to a fresh 27year high, extending…