European shares end holiday-affected session higher as bond yields ease

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European Stocks News

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FRANKFURT, May 28 ― European stocks closed slightly higher yesterday and government bond yields eased, amidst hints of upcoming interest rate cuts by the European Central Bank...

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Key policymakers at the ECB said the bank has room to cut interest rates as inflation slows but must take its time in easing policy, even if the direction of travel is already clear.“It remains to be seen how the data will turn out. However, the environment suggests that inflationary pressure will ease in both the eurozone and the US,” Rainer Singer, analyst at Erste Group wrote in a note.Government bond yields across the continent eased, with the yield on the benchmark 10-year bund last at 2.

Trading was light in absence of US and UK participants as markets there were shut for a public holiday.

 

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