European stocks are likely to open on a positive note Wednesday as bond yields continued to decline amid optimism that global interest rates have peaked.
Falling oil prices also helped ease investor concerns surrounding inflation and interest rates.
Crude oil prices held near five-month lows on doubts about the impact of OPEC+ cuts and lingering concerns over Chinese demand.
U.S. 10-year Treasury yields dipped below the crucial 4.20 percent mark as signs of cooling labor market cemented views that the Federal Reserve is done hiking interest rates and would start cutting rates no later than May 2024.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.