European Stocks Tumble on Bond Yields, Oil Prices

European stocks are expected to open lower on Wednesday, following declines across global markets due to concerns about elevated bond yields and rising oil prices.

The region's chipmakers linked to the AI trade have also seen renewed selling, adding to pressure on regional stocks.

In Europe, investors will be focusing on the latest UK and Eurozone inflation data, as well as remarks from ECB President Christine Lagarde. This comes after ECB chief economist Philip Lane said that the region's 3% inflation rate is 'too high', suggesting potential adjustments to policy rates may be necessary.

No major earnings reports are scheduled in Europe on Wednesday, and premarket trading indicates a cautious tone with both Euro Stoxx 50 and Stoxx 600 futures down around 0.2%.