European Stocks Set to Fall Up to 0.7% as 30-Year Treasury Yield Tops 5.19%

5 articles · Updated · CNBC · May 20

IG data points to a weaker European open on Wednesday, with the DAX seen down 0.7%, the FTSE 100 off 0.6%, the CAC 40 lower by 0.5% and Italy's FTSE MIB down 0.4%.
The expected drop follows losses in Asia-Pacific markets as investors digest elevated bond yields, with the U.S. 30-year Treasury yield above 5.19% — its highest since 2007 — and the 10-year nearing 4.69%.
U.K. inflation data due later Wednesday is the next test for sentiment, with April consumer price growth expected to cool to 3.0% from 3.3% after household energy-bill support measures.
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