Shares retreated in Europe and Asia on Wednesday as rising bond yields cranked up pressure on stocks and other investments, undermining the latest AI-driven rally in technology shares.
Bond yields have been climbing as the war with Iran drags on, raising worries over prolonged higher inflation.
U.S. futures were mixed, with the future for the S&P 500 up 0.2% while that for the Dow Jones Industrial Average edged 0.1% lower.
