European stocks and US equity futures paused as traders sought fresh catalysts to extend the latest tech-driven gains.
. The pan-European Stoxx 600 slipped 0.2 per cent after two days of gains, while bond yields across the euro area edged higher. The Brazilian real slid ahead of today’s rate decision.Reuters Despite a recent wobble driven by French political tensions, European stocks still stand about 2 per cent off their latest record highs. Wall Street, meanwhile, has been lifted by the continued AI frenzy and resilient economic growth that should continue to support corporate earnings, especially in the technology sector. UK data added to signs inflation is slowing across the developed world, potentially allowing central banks to cut interest rates.
While US Treasuries weren’t trading on Wednesday, government bond yields across Europe edged higher. UK 10-year government borrowing costs rose about three basis points and the pound firmed, despite data showing inflation had slowed to the Bank of England’s 2 per cent target, as price pressures remained sticky in the key services sector.
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