European Stock Futures Mixed as U.S. Inflation Fears Ease

European stock markets traded mixed on Wednesday as U.S. inflation concerns eased due to falling bond yields. Coronavirus-related concerns, however, continue to weigh on markets, dragging other stocks down.

Germany’s DAX futures contract gained 0.2%. the U.K.’s FTSE 100 futures contract improved 0.1%. CAC 40 futures in France lowered 0.6%.

The consumer price index in the United States increased 0.6% for the month of March, the biggest rise since August 2012.

The U.S. consumer price index rose 0.6% in March, the biggest increase since August 2012, but the market had seemingly positioned for a higher figure as rising vaccinations and fiscal stimulus released pent-up demand.

The figure is expected to soar in the coming months as vaccination programs continue to roll on a faster pace and fiscal stimulus enacted by President Joe Biden bolstered demand.

The benchmark 10-year U.S. Treasury yield fell 1.61%.