European stocks closed slightly higher on Wednesday amid selective buying even as the mood remained quite cautious amid rising Treasury yields and worries over inflation and looming interest rate hikes.
Data from the Office for National Statistics showed U.K.'s inflation accelerated to a 30-year high in December.
U.S. Treasury yields hit fresh two-year highs amid Fed rate hike expectations.
Benchmark German debt yields turned positive for the first time since before the pandemic as markets braced for a coordinated monetary policy tightening globally.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.