European stocks under pressure as US recession fears weigh

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European stocks are seen struggling for direction Wednesday, with investors still unnerved by fears of a potential U.S. recession.

Britain's FTSE 100 is seen rising 6 points at the open to 7,208, Germany's DAX increasing 14 points to 11,435 and France's CAC falling 2 points to 5,203, according to IG index data.

The drop marked what is known as a yield curve inversion, where the rate on short-dated paper climbs above that of long-term bonds. A lift in the 10-year yield Tuesday gave traders some relief, but the benchmark has retreated slightly since, and is still below the 3-month yield. British lawmakers are due to hold a round of so-called indicative votes — essentially votes on what the course of Brexit should look like — later in the day. This comes after parliamentarians took control of the Brexit process from May's government.

On the corporate front, U.K. insurance market Lloyd's of London is due to report earnings. The financial institution has been the subject of controversy after a recent Bloomberg report highlighted a deep-rooted culture of sexual harassment at the group.

 

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I think europe and america should start to think to put them together in forming one sole nation with one economy has no borders for moving people and economies for the 2 countries it is the born of a new nation the edge of the western civilization

Un diyecem tabiki su

You know... They also have their own recessions happening in the EU as well

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European stocks set to open higher as US bond yields rise; growth concerns lingerEuropean equities are set to rise at the market open, as the 10-year U.S. Treasury yield came off lows that heightened fears of a recession.
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