5 Jan 2022
European Stock Futures Expected to Dip as U.S. Treasury Yields Climb
The Index Today
Informed by the U.S. Treasury yields on the tech industry, European stock markets have been projected to dip slightly on Wednesday.
DAX futures dropped by 0.1% in Germany at 2:05am ET, while France’s CAC 40 futures and FTSE futures in the U.K. lowered by 0.1% and 0.2% respectively.
This comes as European indexes rang in the New Year on a positive note in view of all-European STOXX 600 index setting a record high informed by the global economic recovery projected for the year.
The 10-year U.S. Treasury yields reached a six-week high while Europe grapples with the recent surge in Omicron infections.
©Photo: Andrew Kelly/Reuters