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A higher U.S. yields weigh as China pulls back

by AgaBullion
A higher U.S. yields weigh as China pulls back

SYDNEY, March 2 (Reuters) - A rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears the Federal Reserve will keep raising interest rates to combat sticky inflation.

European markets are likely to open flat, with pan-region Euro Stoxx 50 futures largely unchanged, as caution set in ahead of the release of European inflation data for February.

Median forecasts are for an annual figure of 8.2%, but risks are on the upside following surprises from France, Spain and Germany.

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