Stocks weak, bond bashing alive and kicking as U.S. CPI looms – Reuters

Stocks weak, bond bashing alive and kicking as U.S. CPI looms – Reuters

LONDON, April 12 (Reuters) - World stocks slipped to their lowest levels in almost a month, the dollar held firm and selling again gripped the world's biggest bond markets on Tuesday ahead of data expected to show annual U.S. inflation rising at its fastest pace in 40 years.

With U.S. 10-year Treasury yields rising to new highs above 2.80% , levels last seen late 2018, unease that an aggressive policy response to inflation from the U.S. Federal Reserve could undermine economic growth weighed on sentiment.

European shares opened 1% lower (.STOXX), Japan's blue-chip Nikkei stock index shed 1.81% (.N225) and trade in U.S. equity futures pointed to a weak open for Wall Street.