Investing.com - European stock markets fell Wednesday, with rising bond yields unnerving investors ahead of the release of key inflation data amid fears of monetary policy remaining tighter for longer.With the quarterly earnings season largely completed, attention has returned to the plans of world central banks to shift monetary policy depending on progress made in taming inflation.
Minneapolis Federal Reserve President Neel Kashkari said Tuesday it would take “many more months of positive inflation data” to give him confidence it is time to cut rates.Ahead of this, the German individual states are scheduled to release their May consumer price data later in the session, showing how the eurozone’s largest economy is coping with inflation.
The Memorial Day holiday on Monday signals the start of the peak demand season in the U.S., the world's biggest oil consumer, helping sentiment in the market.is expected to further the notion of growing demand, with analysts predicting a 2 million barrel draw in overall inventories.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.