European stock markets dipped on Wednesday and the U.S. dollar nudged higher as weak Chinese trade data had investors fretting about softening global demand, with attention turning towards next week's pivotal inflation data and Federal Reserve meeting.
much faster
"There's a huge gulf in the global economy between services and manufacturing. This is a warning sign that global growth will slow from here. The question is how much," Laidler added.gained 0.2% on Tuesday, gaining support from strengthening bets that the Federal Reserve will hold interest rates steady at its policy meeting next week.closed below 14 on Tuesday, its lowest such close since February 2020.
The two-year Treasury yield , which typically moves in step with interest rate expectations, fell slightly to about 4.5124% in London. The yield on 10-year notes slipped to around 3.687%.
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