European Markets Struggle for Momentum Amid Rising U.S. Bond Yields

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European Markets Struggle for Momentum Amid Rising U.S. Bond Yields
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European stocks are expected to open lower on Wednesday as global markets react to rising U.S. bond yields.

Tuesday after the Dow Jones Industrial Average notched a record close as investors flocked to shares that stand to benefit from an economic recovery.

Data releases in Europe on Wednesday include final PMI data for the euro zone's services and manufacturing industries in December and Italian consumer confidence data or December.Sign up for— CNBC's Yun Li, Patti Domm and Eustance Huang contributed to this market report.

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