European bond yields rise as ECB rate hike this week appears more likely ...Middle East

Euro zone bond yields rose on Wednesday, with Italy's 10-year yield hitting a six-month high, as a Reuters report that the European Central Bank expects inflation to remain above 3% next year boosted market bets of an ECB rate hike this week. The day's main macro economic event for global markets is U.S. inflation data released at 1230 GMT which will help shape the Federal Reserve's rate decision later this month.

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