European stocks opened mixed Wednesday as investors navigate elevated bond yields and softer UK inflation data. The Stoxx 600 index rose 0.2%, with miners and tech stocks leading gains while retail and media lagged. US Treasury yields remain elevated, with the 30-year yield above 5.19% and the 10-year near 4.69%, pressuring global markets. UK inflation eased to 2.8% in April, beating economist expectations of 3%, as energy price caps provided relief. However, consumer prices are expected to rise again due to geopolitical tensions affecting energy costs. The British pound weakened following the data release, while the 10-year gilt yield fell 5 basis points. Investors continue assessing the impact of elevated borrowing costs on corporate earnings and economic growth across Europe and globally.
