European stocks largely lower; key inflation data looms

Investing.com - European stock markets largely fell Thursday, with rising global bond yields hitting sentiment ahead of the release of highly anticipated inflation data at the end of the week.Equities have retreated in Europe, following the weakness on Wall Street and the losses in Asia overnight, with sentiment pressured by rising U.S. Treasury yields as worries about inflation play into the narrative that interest rates will remain elevated for longer than expected.

The two-year U.S. Treasury yield traded near the 5% level on Thursday while the 10-year yield stayed near its strongest level in weeks.in Germany rose more than forecast in May, ensuring that the spotlight is shining even more brightly on the eurozone's reading on Friday.Several Fed officials have warned that there needs to be more substantial progress on inflation before the U.S. central bank should be considering cuts.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks edge lower; BHP seeks more time over Anglo bidEuropean stocks edge lower; BHP seeks more time over Anglo bid
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks follow global markets lower as interest rate outlook weighs on sentimentEuropean markets opened lower on Friday, mirroring a global trend as the U.S. interest rate outlook weighed on sentiment.
Source: NBCLA - 🏆 319. / 59 Read more »

European stocks set to follow global markets lower as interest rate outlook weighs on sentimentEuropean markets are heading for a lower open on Friday, mirroring a global trend as the U.S. interest rate outlook weighed on sentiment.
Source: NBCDFW - 🏆 288. / 63 Read more »

European stocks set to follow global markets lower as interest rate outlook weighs on sentimentEuropean markets are heading for a lower open on Friday, mirroring a global trend as the U.S. interest rate outlook weighed on sentiment.
Source: NBCNewYork - 🏆 270. / 63 Read more »