EUROSTOXX 50 futures added 0.1% and FTSE futures 0.4%.
Markets have also nudged up the likely rate tops for a bevy of other central banks, including the European Central Bank and the Bank of England. ,Bruce Kasman, head of economic research at JPMorgan, has added another quarter-point hike to the ECB outlook, taking it to 100 basis points. Germany's 2-year bond yield broke above 3.0% on Friday for the first time since 2008.
Higher rates and yields stretch valuations for equities, especially those with high PE ratios and low dividend payouts, which includes much of the tech sector. Ten-year Treasury bonds also yield more than twice the estimated dividend yield of the S&P 500 Index, and with much less risk.
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