European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world's largest economy. Some policymakers argued against future rate rises until there was more concrete evidence that inflation was moving back toward the Fed's objective, according to minutes of the U.S. central bank's last policy meeting. Money market futures (FFF8) are now pricing in about a 40 percent chance the Fed will raise rates by December, compared with just under 50 percent before the Fed's minutes.
Fed policymakers hinted at a slower pace of interest rate hikes at their July meeting
TOKYO (AP) — Shares were mixed in narrow trading Thursday, with European benchmarks falling back after recent gains. Japan's Nikkei 225 index slipped as the yen strengthened against the U.S. dollar, despite the release of upbeat trade data for July.