Stocks Mixed, Bond Yields Rise Ahead of Earnings: Markets Wrap

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(Bloomberg) — Stocks were mixed and bond yields rose on Wednesday as investors weighed inflation risks against the start of the earnings season. 

Europe’s Stoxx 600 was little changed, while U.S. equity futures rose. The dollar ticked up and the yen declined. Oil slipped after Russian President Vladimir Putin vowed to continue the war in Ukraine and China partially eased Covid curbs. 

Markets continued to digest Tuesday’s U.S. inflation data, as a smaller-than-expected jump in the core gauge, which excludes volatile food and energy prices, prompted traders to pare back expectations on how aggressively the Federal Reserve will raise interest rates.