European stocks were under sharp pressure on Wednesday, tracking losses in Asia and on Wall Street, as investors remain caught up in worries about inflationary pressures, with the minutes of the Federal Reserve’s latest meeting swinging into focus for later.
Global yields were also under pressure, with that of the 10-year German bund TMBMKDE-10Y, -0.086% up 1 basis point to -0.08%. The yield on the 0-year Treasury bond TMUBMUSD10Y, 1.663% rose 2 basis points to 1.6599%. Adding to worries over global inflation, U.K. data showed consumer prices rose 1.5% on the year in April, twice the rate of inflation reported in March, according to the Office for National Statistics.
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Isn't this always the case
Except the average investor isn't selling. And inflation is transitory and the professionals aren't worried about it. They're profit taking and hoping to leave the retailer holding the bag. But that's less glamorous for you to report
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