European stock market open: Stocks edge higher but gains remain tentative ahead of US CPI

European equities started higher on the open, but gains looked tentative as traders weighed the next signals from the US. Eurostoxx was up 0.1%, Germany’s DAX added 0.2%, France’s CAC 40 rose 0.5%, the UK FTSE climbed 0.9%, Spain’s IBEX gained 0.5%, and Italy’s FTSE MIB was up 0.2%. The early rise carried over from the previous session, yet attention is shifting to the US bond market and the timing of the US CPI report tomorrow. Ten-year Treasury yields were around 5.19%, after a run-up in recent weeks. Wall Street futures also softened, with S&P 500 down 0.1% and Nasdaq down 0.7%.