A look at the day ahead in European and global markets from Anshuman Daga:
Ten-year U.S. Treasury yields rose to 3.966%, the highest since November. The dollar and sterling strengthened on expectations of further rate hikes.In this risk-off environment, the stage is set for the release of the minutes of the Fed's meeting from last week.
Markets will scrutinise it for signs on how high officials project interest rates will go following recent data that showed stronger-than-expected U.S. employment and consumer prices., presenting starkly different views of the world and the Ukraine war. China said on Wednesday that its top diplomat, Wang Yi, met Russia's security chief and both sides agreed that peace and stability in the Asia-Pacific region should be resolutely upheld, and opposed the introduction of a Cold War "mentality".
On the corporate front, Bloomberg News reported that sovereign wealth fund Abu Dhabi Investment Authority is among the parties considering a bid for a 34% stake in Associated British Ports that could be valued at about 2 billion pounds or more. And finally, consulting giant McKinsey & Co, which is known for advising businesses on a variety of projects including layoffs,Key developments that could influence markets on Wednesday:European results: Iberdrola, Lloyds, TelefonicaReporting by Anshuman Daga; Editing by Sam Holmes
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