Global markets traded cautiously as elevated US Treasury yields capped risk appetite, pressuring equities across Europe and Asia. Investors remained focused on the Federal Reserve’s tone regarding future rate adjustments after recent inflation data signaled persistent price pressures. European indices slipped moderately, while Asian benchmarks showed mixed trends due to weaker technology demand. Analysts noted that uncertainty around monetary easing and fragile global growth projections may keep volatility high. Market participants continue to watch upcoming US employment releases for directional cues.