Overview
- European stocks edged lower Wednesday as rising U.S. bond yields kept traders cautious before Nvidia reports.
- The U.S. 10-year yield climbed to 4.687% and the 30-year hit 5.198%, the highest since 2007, which analysts say is pulling money out of equities.
- Oil prices eased on talk of Iran de-escalation, though Brent hovered near $110 because attacks and Strait of Hormuz risks still threaten supply.
- Commerzbank shareholders gathered in Wiesbaden, where the board urged investors to reject UniCredit’s bid and Berlin restated its opposition to a takeover.
- EU negotiators settled on a plan to phase out tariffs on some U.S. industrial goods, a move that reduces near-term pressure on European carmakers.