(Bloomberg) — European stocks and US equity futures retreated while bond yields rose as traders assessed the latest corporate earnings reports against the backdrop of yet another hot inflation print from one of the world’s major economies.
Most Read from Bloomberg
The Stoxx Europe 600 index slipped about 0.3%, with the technology sector leading the decline. ASML Holding NV dropped as much as 4.8% after the Dutch chip maker’s earnings report raised concerns about its demand outlook. Contracts on the rates-sensitive Nasdaq 100 fell about 0.7%, while those on the S&P 500 were down 0.5% ahead of the next batch of earnings reports by US banks.
The UK two-year yield jumped as much as 15 basis points and the country’s stock benchmark underperformed after data showed inflation beat estimates in March, prompting traders to ramp up bets on further Bank of England interest-rate hikes. The…
