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European Stocks Flat as Bond Yields Weigh on Market Sentiment

European equities struggled to find direction Wednesday as investors navigated elevated bond yields and geopolitical uncertainties. The pan-European Stoxx 600 index finished marginally lower, oscillating near flatline after opening in negative territory. U.S. Treasury yields continued climbing, with the 30-year yield surpassing 5 percent and the 10-year approaching 4 percent, pressuring equity valuations across the continent. Global government bonds remain under pressure amid ongoing inflationary concerns. U.K. inflation eased to 2.8 percent in April, below economist expectations of 3 percent. However, consumer prices are expected to continue increasing as higher energy costs from the Iran war materialize. The British pound held steady against major currencies following the data release. The benchmark 10-year gilt yield fell 5 basis points. Experian announced a $1 billion share buyback and projected organic revenue growth of 6-8 percent for fiscal 2027.