Europe stocks set for another lower open as global sentiment sours ahead of inflation data
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European stocks are on course for a lower open Thursday, continuing a negative trend this week as global markets come under pressure from rising bond yields. Stoxx 600 index had its worst sessions of the month over the last two days, last closing at its lowest level since May 8. Investors are eagerly awaiting two inflation prints Friday. First to release will be the euro zone, amid over how how many times the European Central Bank will cut interest rates this year beyond its expected first cut at its June meeting next week. That will be followed by the U.S. personal consumption expenditures price index report, the Federal Reserve's preferred inflation gauge. European stock markets are set to extend losses on Thursday, according to IG data. The U.K.'s FTSE 100 was last seen down 36 points at 8,145, Germany's DAX 75 points lower at 18,402, and France's CAC 40 down 26 points at 7,914. Italy's MIB was seen slipping 125 points to 34,146. Shares of Australian miners fell after mining giant BHP walked away from its £38.6 billion ($49 billion) plan to take over rival Anglo American. Shares of BHP lost 1.73%, while counterparts Fortescue Group dropped 1.34% and 2.27% respectively. Although earnings from Salesforce beat analyst estimates by 6 cents, first quarter revenues fell short of expectations. The U.S. economy grew unevenly over the past six weeks while consumers recoiled against higher prices, the Federal Reserve reported Wednesday.

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https://www.cnbc.com/2024/05/30/europe-stocks-open-to-close-bond-yields-stocks-data.html