Premarket: Stocks, bonds steady after rate angst selloff

News Snapshot:

European stocks steadied on Thursday as bonds regained some ground after a selloff the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings. The dollar softened slightly as U.S. Treasury yields slipped back while commodity prices came under pressure on renewed expectations that the Federal Reserve is unlikely to cut rates any time soon. The latest slowdown in the global risk rally has come on the back of data pointing to lingering inflationary pressures across major economies and a flood of bond sales lifting yields. “There are two forces colliding here,”...