European stocks to open lower: UK inflation and elevated bond yields in focus
European stocks are anticipated to open lower as investors focus on rising bond yields and await U.K. inflation data. The FTSE index is projected to decline by 0.6%, with similar decreases expected for major European indices. Elevated bond yields, particularly in the U.S., are contributing to market concerns.
- ▪European stocks are expected to open in negative territory on Wednesday.
- ▪The U.K.'s FTSE index is seen opening 0.6% lower.
- ▪Yields on U.S. Treasurys rose Tuesday, with the 30-year Treasury yield above 5.19%.
- ▪The benchmark 10-year yield climbed toward 4.69%.
- ▪Investors are assessing elevated bond yields and inflationary pressures.
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LONDON — European stocks are expected to open in negative territory on Wednesday as global markets keep a close eye on elevated bond yields and await U.K. inflation data due later this morning. The U.K.'s FTSE index is seen opening 0.6% lower, Germany's DAX down 0.7%, France's CAC 40 down 0.5% and Italy's FTSE MIB 0.4% lower, accoridng to data from IG.European bourses look set to follow Asia-Pacific markets lower as investors assess elevated bond yields and inflationary pressures. Yields on U.S. Treasurys rose Tuesday with the 30-year Treasury yield above 5.19%, its highest level since 2007. Meanwhile, the benchmark 10-year yield climbed toward 4.69%.
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