Shares in Europe are set for a mixed open Wednesday as investors monitor surging interest rates in the bond markets.
Asian equities traded slightly lower on renewed geopolitical uncertainty related to North Korea. The country ditched plans for talks with South Korea due on Wednesday after joint military trainings between the U.S. and Seoul, Reuters reported.
Stateside, stocks were impacted by rising bond yields. The yield on the 10-year sovereign rose to 3.09 percent on Tuesday, the highest in seven years. Higher yields mean higher borrowing costs for companies and thus fewer margins for dividends.
In terms of data, there will new inflation numbers due from Germany at 7 a.m. London time and the IEA oil market report due at 9 a.m. London time.
European markets seen mixed as US bond yields surge