European Stocks and US Futures Rise as Markets Rebound
European shares and U.S. futures rose as markets recovered from losses. Bond yields stayed elevated amid the U.S. and Iran conflict as oil prices held steady.
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STOXX Europe 600 rose 0.3% on Wednesday as equity markets recovered from losses driven by high inflation data. Consumer prices in the United States rose at their fastest pace in three years. Investors are weighing high bond yields against corporate earnings strength as conflict between Israel and Iran persists.
The 10-year U.S. Treasury yield reached 4.4629% on Wednesday, its highest level since late March. Traders are pricing in higher interest rates after energy costs pushed inflation upward. In Japan, 5-year and 20-year government bond yields hit record highs overnight.
