European stocks are set to receive a weak handover from Asia-Pacific, where markets broadly declined during Friday's trade, following Wall Street's losses on Thursday as rising U.S. Treasury yields and concerns about higher inflation caused a recent rally in global markets to seemingly fizzle out.was back above 1.
3% early on Friday morning. Yields tend to rise with inflation expectations as bond investors start to believe central banks will take their foot off the gas and reduce their asset purchases. Higher yields can also mean more debt servicing for major firms, which tends to knock stock markets as traders reassess the environment for investing.
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