According to reports from Jin10 data, influenced by the rise in U.S. and Japanese bond yields, the eurozone government bond yields have increased. The market is focused on the European Central Bank's interest rate meeting this Thursday. Although it is generally expected to remain unchanged, Geoff Yu, a strategist at BNY Mellon, stated that the ECB may reconsider the scope for easing policy.
Inflation rates in Nordic countries have unexpectedly declined, and the uncertainty surrounding tariffs and trade negotiations may have a negative impact on future economic growth. BNY Mellon expects that the ECB may not initiate interest rate cuts until September at the earliest.