S&P 500 futures tick higher as traders await Nvidias earnings: Live updates

European stocks struggled to gain momentum on Wednesday, as global markets keep a close eye on elevated bond yields and a lower-than-expected U.K. inflation print.

By 8:55 a.m. in London (3:55 a.m. ET), the pan-EuropeanStoxx 600was marginally lower, with sectors and regional bourses in mixed territory. The index oscillated around the flatline after initially opening in negative territory.

— Chloe Taylor, Holly Ellyatt

Asia-Pacific markets fell on Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions.

Japan’s super-long government bond yields eased slightly on Wednesday, with the 30-year JGB yield falling more than 9 basis points to 4.065% after hitting record highs on Monday.

Meanwhile, shorter-dated Japanese debt continued to come under pressure, with the 5-year JGB yield climbing to a record 2.041%.

State Street’s Masahiko Loo said record-high Japanese government bond yields are feeding into a broader global “duration reset,” though he stressed the move should tighten global financial conditions only gradually rather than trigger systemic stress.

While higher JGB yields could weigh on duration-sensitive assets and raise global borrowing costs, Loo said the repricing remains part of a broader adjustment in bond markets rather than a Japan-specific funding shock. He noted that Japan’s debt market is still largely domestically financed and underpinned by massive household savings buffers.

Japan’sNikkei 225lost 1.23% to 59,804.41 while the Topix declined 1.53% to 3,791.65. South Korea’s Kospi fell 0.86% to 7,208.95 while the small-cap Kosdaq dropped 2.61% to 1,056.07. Shares of Samsung Electronics edged 0.18% higher even aswage talksbetween the company and the workers broke down, with more than 47,000 employees now set to go on strike Thursday.

In Australia, theS&P/ASX 200lost 1.26% to 8,496.6.

Hong Kong’sHang Seng indexslid 0.57%, and the mainland’s CSI 300 closed flat.

— Lee Ying Shan

U.S. Treasurys have entered a “danger zone” as surging long-term yields raise fears that sticky inflation and hawkish rate expectations could begin spilling over into equities and broader risk assets, said HSBC.

Further moves may also start to affect stocks, according to BMO Capital Markets strategist Ian Lyngen.

Read the full story here.

— Lee Ying Shan

Global stock markets have been on a tear in 2026, extending last year’s rally as traders look through geopolitical turmoil and inflation fears.

But bond markets are painting a different picture — and the growing divergence is ringing alarm bells for some investors.

Read more here.

— Chloe Taylor

Asia-Pacific markets fell Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions, as the risk of an escalation in the Iran conflict looms large.

U.S. President Donald Trump’s said Tuesday that he was “an hour away” from deciding to attack Iran, before being persuaded topostpone the strikefor a few days.

Yields on U.S. Treasurys advanced as investors continued to dump bonds on fears inflation is reigniting. The longer-dated30-year Treasury bondyield was last trading almost 1 basis point lower at 5.174%. It briefly hit 5.197% during the session, marking its highest level since July 2007.

Japan’s super-long government bond yields eased slightly on Wednesday, with the 30-year JGB yield falling over 3 basis points to 4.122% after hitting record highs on Monday.

Meanwhile, shorter-dated Japanese debt continued to come under pressure, with the 5-year JGB yield climbing to a record 2.041%.

Japan’sNikkei 225 lost 1.29%, while the Topix declined 1.45%. South Korea’s Kospi fell 0.69%, while the small-cap Kosdaq dropped 2.23%.

In Australia, theS&P/ASX 200 lost 0.85%.

Hong Kong’sHang Seng index slid 0.55%, and the mainland’s CSI 300 was down 0.3%.

During Tuesday’s trading session, five of the 11 GICS sectors ended the day higher.

Gains were led by the health care sector, up 1.09%. The energy and utilities sectors followed, rising 1.03% and 0.99% on the day, respectively.

On the other hand, materials stocks fell 2.28% and were the day’s biggest laggards. The communication services, consumer discretionary, financials and industrials sectors also all fell more than 1%.

— Lisa Kailai Han

These are the stocks moving the most in extended-hours trading:

Toll Brothers — The homebuilder added 2% after reporting fiscal second-quarter earnings of $2.72 per share, beating the $2.57 analysts polled by LSEG had expected. Toll Brothers’ $2.51 billion revenue also came in above the forecast $2.42 billion.

Cava — Shares popped almost 7% after the Mediterranean fast-casual chain hiked its adjusted EBITDA guidance for the full year to between $181 million to $191 million, versus its prior outlook of $176 million to $184 million. The company also reported first-quarter earnings of 20 cents per share on $438 million in revenue, beating the earnings of 18 cents and revenue of $411 million analysts had expected, per LSEG.

Red Robin Gourmet Burgers — The burger chain surged 14% after posting first-quarter adjusted earnings of 13 cents per share, while analyst polled by FactSet were expecting Red Robin to break even. The company’s $378.3 million revenue also beat the anticipated $362.1 million.

Keysight Technologies — Shares rose 2% after the provider of electronic design, emulation and test solutions guided for current-quarter revenue and adjusted earnings per share above what analysts polled by LSEG were expecting. The company also raised its full-year guidance, and posted a second-quarter beat on both the top and bottom lines.

— Lisa Kailai Han

Stock futures opened little changed on Tuesday night.

Shortly after 6 p.m. ET, futures tied to all three major averages were trading around the flatline.

— Lisa Kailai Han